India Inc India Inc: Tuesday, 13 March 2018 05:10

Telangana plans industrial park for Japan SMEs

Telangana has attracted over 30 Japanese companies so far, including large companies such as Toshiba and Hitachi, that employ thousands of people in the state.

Speaking at an India-Japan Business Partnership seminar in Hyderabad, Telangana Industries Minister K.T. Rama Rao said the state is keen to create a dedicated industrial park with plug and play facilities.

Telangana government has made several representations in the last few years to Japan to attract investments into the state. Several companies have already indicated their interest in the IT sector. The government wants to work with the Japan External Trade Organisation (JETRO) and companies for this cluster.

Hyderabad has emerged as the fastest growing city not just in India but globally. Human resources consulting firm Mercer has placed the city on top in India in terms of quality of living, in the last three years. With cost of living lowest among the top metros of the country, the city has attracted technology majors such as Apple, Google, Facebook, Amazon, Microsoft, Uber, Salesforce to set up their largest R&D centres outside of the US and pharma majors such as Novartis.

Hyderabad claims to be on its way to become a preferred destination for companies that are looking to tap both domestic and overseas markets such as Middle East and Southeast Asia.

'India Global Business’ has in-depth coverage on related topics.

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