Hyderabad Chief Minister K. Chandrasekhar Rao on Thursday signed MoUs with Celkon and Makeno for setting up an LED TV unit in Hyderabad at an investment of $20 million. The MoU was signed during a meeting organised by CII and the TS government at Shanghai.
Two more Chinese firms, manufacturing cell phone parts and headphones, have come forward to invest in Hyderabad.
Vice president of the $40-billion Shanghai Electric Corporation, Mr Shao, met the Chief Minister. He expressed interest in setting up a manufacturing unit of high powered pumps and electrical equipment in Hyderabad.
Mr Rao invited the companies to visit Hyderabad and invest in the state. The CM, who addressed a meeting organised by CII and Telangana government in Shanghai, explained investment opportunities in the state. Around 65 Chinese companies participated in the meeting.
He spoke about the state's new single window industrial policy, availability of land bank, hassle free permissions