Telangana to Encourage Malaysian Investments: Sridhar Babu

Hyderabad: Telangana has created a highly conducive environment for investments in sectors such as electric vehicle manufacturing, industrial development, and commerce, said Minister for IT and Industries Sridhar Babu.

Speaking at a meeting with a delegation of Malaysian trade representatives at the Secretariat on Monday, the Minister highlighted the State's investment-friendly policies.

The delegation's visit was organised following an invitation extended by the Minister during his participation in the Malaysian Telugu Maha Sabha last month.

The event was facilitated by the Malaysia Telangana Association (MAITA). Ministers Thummala Nageshwar Rao (Agriculture and Cooperation) and Jupally Krishna Rao (Tourism), along with PCC President Mahesh Goud, joined Sridhar Babu in discussions with the Malaysian representatives.

During the meeting, Sridhar Babu discussed potential Malaysian investments in solar power, dry ports, sewage treatment plants, and marketing support for women entrepreneurs and startups. He emphasised the importance of enhancing bilateral trade relations between Telangana and Malaysia, particularly in the areas of palm oil cultivation and tourism.

He invited Malaysian collaboration in building advanced sewage treatment plants for desilting and cleaning Hussain Sagar Lake and highlighted the government’s plans to establish two additional dry ports in the state, seeking Malaysian participation in their development.

During the meeting, proposals to develop Kinnerasani and Srisailam backwaters into major tourist attractions with resort facilities were also shared.

The Minister noted that Telangana has over 6.4 million women engaged in self-help groups and sought Malaysian support in marketing their products. He proposed organising an exhibition in Malaysia to showcase Telangana-made products, which received a positive response from the delegation.

He also highlighted the ample opportunities in the food processing sector and encouraged Malaysian firms to explore investments in this area.

Agriculture Minister Thummala Nageshwar Rao urged Malaysia to supply palm oil seeds or establish nurseries in Telangana. He requested support for developing short-height palm varieties with shorter leaves and resistance to diseases like Ganoderma.

Tummala Nageswara Rao revealed that Telangana aims to expand palm oil cultivation to 1 million acres in the next 4-5 years, with the potential to extend it to 2 million acres.

On the occasion, Minister Sridhar Babu appreciated the efforts of the V-Hub initiative in facilitating a memorandum of understanding with Malaysian entities to establish micro and small industries and provide marketing opportunities for local products.

He also acknowledged the contributions of MAITA President S. Tirupati, General Secretary Sandeep Goud, and Advisor Amarnath Goud in organising the meeting.

The event saw the participation of senior officials, including IT and Industries Special Chief Secretary Jayesh Ranjan, TGIIC MD Dr Vishnu Vardhan Reddy, Industries Commissioner Dr. Malsur, and TGIIC CEO Madhusudan.