Hyderabad: The Singapore High Commissioner Simon Wong met Industries Minister KT Rama Rao at Pragathi Bhavan here on Tuesday. He said there were many investment opportunities in different emerging sectors in Telangana and the same will be introduced to companies and investors in Singapore.

The Minister said “if Singapore companies evinced interest in investing in Telangana, the State Government would set up an exclusive zone or Singapore hub”.

Complimenting the Minister for coming up with the idea of setting up exclusive Singapore hub, the Singapore High Commissioner Simon Wong said when he was working in Vietnam, similar initiative was taken up to draw investments and has been successfully operational since then.

“We will definitely consider this proposal positively ” Simon Wong said. He further said companies like DBS, which have invested in Telangana, have given a positive feedback about conducive atmosphere in the State.

“Apart from advanced sectors, Singapore companies were keen in investing in Agriculture and food processing sectors” said Simon Wong.

“Considering the severe competition for drawing international investments, Telangana was not only competing with other States in the country but striving hard to impress international companies” said Rama Rao.

The Minister said there were plenty of opportunities in life sciences, pharma, IT, textiles, food processing, agriculture and other sectors in the State. Already, many companies from Singapore have invested in different sectors in Telangana and have been continuing their operations comfortably, he said.

The Minister later felicitated the Singapore delegation, including Singapore Consul General in Chennai Pong Kok Tian.

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