CM Revanth Reddy invites Singapore companies to invest in Telangana
Telangana Chief Minister A. Revanth Reddy has invited Singaporean companies to invest in the state, specifically targeting the semiconductor industry. The government has promised full support for these ventures as part of broader development projects like the 'Bharat Future City'.
Why it matters
Attracting foreign direct investment in high-tech sectors is a key strategy for regional economic growth and industrial modernization.
Chief Minister A. Revanth Reddy invited Singapore companies to invest in Telangana as the State government is ready to extend all kinds of support to the prospective investors.
A Singapore delegation led by Augustine Lee, Permanent Secretary of the Energy Market Division under Singapore’s Ministry of Trade and Industry, met with CM Revanth Reddy at the Assembly on Wednesday (September 16).
During the meeting, the Singapore representatives expressed their readiness to set up a semiconductor industry in Telangana. Welcoming the Singapore companies to set up their manufacturing units in Telangana, the Chief Minister assured that the government would extend full support to their investments in the State. The representatives responded positively regarding the investment proposals.
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