Chinese firm to invest Rs 1,000cr in Telangana
HYDERABAD: China-based Leo Group has come forward to invest in Telangana. The group will set up a heavy duty pump-manufacturing unit at an investment of Rs 1,000 crore.
The company’s willingness to invest in the state became evident on Tuesday when Leo Wang, chairman of Leo Group, met chief minister K Chandrasekhar Rao at Liaoning, China.
The chief minister is on a 10-day trip to China to take part in the World Economic Forum (WEF) meet at Dalian city. He is also scheduled to visit other cities in China to promote investments in the state.
A release issued by the Chief Minister’s Office (CMO) said that CEOs of top 30 companies in Liaoning had a meeting with KCR to explore investment opportunities in Telangana.
The release said that Shenzhen-based companies had shown keenness to invest in India including Telangana. Jinade Ye, president of China Council for Promotion of International Trade (CCPIT), Shenzhen, invited the chief minister on September 14 to meet investors.
Meanwhile, Indian ambassador to China Ashok K Kantha briefed KCR on China’s economic situation and companies that can invest in Telangana.
Good beginning for the visit by the CM. Hope more will come to make the visit a success
Were are all the naysayers who opposed his move to go to china….Slap on the face of those people who does not understand the real meaning of development.
Slapping people for only 1000 crores project achievement. Hahaha. Archie you are behaving like a kid.
Only time will tell…its just beginning
good .. more jobs..
1000 crores that too for high power pump sets to draw water from underground. That is what they are getting in the new state.