Business tycoons to attend Telangana event

Hyderabad: The Telangana State Industrial Approval Policy will be launched in a grand manner at Hitex on June 12. Chief Minister K. Chandrasekhar Rao will launch the policy in the presence of corporate brass including Tata group chairman Cyrus Mistry, Reliance ADAG chairman Anil Ambani and others. About 1.60 lakh acre around the city will be kept on offer to industrialists on the occasion.

The state government has invited top industrialists and leaders trade and commerce bodies like CII and Ficci. The task of ensuring the presence of the bigwigs at the event has been assigned to IT minister K.T. Rama Rao and industries minister Jupally Krishna Rao. Both ministers have been calling up the industrialists personally to invite them, besides sending invitations.

In fact, Mr Rama Rao had travelled to Mumbai last week to meet Mr Mistry and had handed over the invitation personally on behalf of the TS government. Invitations were also sent to Reliance Group chief Mukesh Ambani, Birla Group chief C. K. Birla, Mahindra Group chief Anand Mahindra and Shapoorji Pallonji chief Shapoor P. Mistry.

These business heavyweights, barring Mr Mukesh Ambani, had met the Telangana Chief Minister earlier on different occasions and had promised to invest in Telangana after it came out with the new industrial policy.

“We have finalised Hitex as the venue. All arrangements have been made for the event, which will be conducted on a grand scale. The aim is to showcase Telangana as the most ideal destination for investments for investors across the country. We expect a big turnout of corporate bigwigs for the event,” said Mr Jupally.