CM KCR 1st Day China tour Report !!
TS CM KCR's China Tour started yesterday and first thing he did was meeting Ashok K Kantha, Indian Ambassador in China. Kantha briefed the CM about the potential prospects of the Chinese companies to investment in Telangana.
In fact, KCR's first day meetings with industrialists turned out to be fruitful. He met chief heads of 30 companies located in Liaoning province and explained them about state's unique industrial policy provides wide scope for investments in Telangana. Leo Group, one of the largest water pump manufacturers in China, is enthusiastic to invest in the state. As per CMO, Leo Group's CEO Leo Wang has disposed to set up a heavy-duty pumps manufacturing industry in Telangana with an estimated expenditure of Rs 1000 crore.
The other companies CEOs are also willing to set up new firms in the state. A high-level delegation from the China Council of Promotion of International Trade (CCPIT), Shenzen chapter, led by its president Jiande Ye, has written a letter to the Chief Minister urging him to include Shenzen in his itinerary. Ye requested KCR and his team to visit Shenzhen on September 14 to explore the options for mutual cooperation in the trade.