Complimenting the IT Minister KT Rama Rao for coming up with the idea of setting up an exclusive Singapore hub, the Singapore High Commissioner Simon Wong said when he was working in Vietnam, a similar initiative was taken up to draw investments and has been successfully operational since then.
Wong said, “We will definitely consider this proposal positively,”. He further said companies like DBS, which have invested in Telangana, have given positive feedback about a conducive atmosphere in the State.
Singapore companies are keen in investing in IT, innovation and allied sectors and blockchain sectors. Through T-Hub, the conducive atmosphere in IT Ecosystem and innovations in the city were derived, he informed.
“Apart from advanced sectors, Singapore companies were keen in investing in Agriculture and food processing sectors,” said Simon Wong.
During the meeting, the Industries Minister briefed about the cosmopolitan culture of Hyderabad prevailing in the city for centuries. People from different States and countries have been working in the city for many years, the Minister said.
He further explained to the Singapore High Commissioner that Telangana Government has been successful in drawing investments from different countries with its investment-friendly policies, TS-iPASS and single window approval system.
“Considering the severe competition for drawing international investments, Telangana was not only competing with other States in the country but striving hard to impress international companies,” said Rama Rao.
