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Telangana global investors meet in early 2017
The Telangana government is gearing to organise a global investors’ meet in the city in early 2017, according to Arvind Kumar, Principal Secretary, Industries, Commerce and Energy, Telangana.
Hyderabad: The Telangana government is gearing to organise a global investors’ meet in the city in early 2017, according to Arvind Kumar, Principal Secretary, Industries, Commerce and Energy, Telangana.
“Organising global investors’ meet is on our agenda now and the government will organise the event in the city in 2017,” Arvind Kumar told The Hans India.
However, the Telangana government intends to make sure that the proposed meet will attract committed investments.
“The negative side of such summits organised so far is that not even 20 per cent of the proposals received and MoUs signed translate into actual investments.
We want to change it and see that majority of agreements signed at the proposed meet will translate into actual investments. So, there will be no mere MoUs.
Instead, we want to go for committed and confirmed investment agreements. For that, we are going to do proper home work well in advance of the summit, he added.
According to him, the State government will rope in all industry bodies for the investors meet. “Each industry body has expertise in certain sectors. Our idea is to collaborate with all the industry bodies instead of tying up with one,” he said.
Asked why there has been delay in organising such an event as Telangana was formed two years ago, the Principal Secretary maintained that government wanted to set things right before going for such an exercise.
“In first year, we had problem with power. We wanted to tide over the power crisis. The government has released industrial policy last year and so far, we have given 1,700 approvals.
Our objective was to streamline the processes before going for the meet. As we have got the confidence now, it’s right time to hold investors meet and so, we are going ahead with it,” he explained.
By: P Madhusudhan Reddy
