Telangana seeks investments from India Inc

Telangana Minister for IT and Industries K T Rama Rao met industrialists in Mumbai and sought investments for the state.
Rao also called on ICICI Bank MD and CEO Chanda Kochhar and sought the bank's participation in the proposed T-Fund aiming to help startups, a government release said.
JSW Group chairman Sajjan Jindal and Lupin Pharmaceuticals MD Nilesh Gupta were among the prominent businessmen the minister called on.
"Met with Sri M. K. Jain, Chairman of IDBI Bank and his team to discuss expeditious revival of Sirpur Paper Mill (in Telanagana) where they are the lead banker," Rao said in a tweet.

The minister also addressed the Motilal Oswal Annual Global Investor Conference and presented the investment potential and opportunities in Telangana.
He submitted a memorandum to RBI Governor Urjit Patel on the difficulties being faced by MSEM sector in the state.

Out of 69,125 micro and small industries in Telangana, 8,618 have been declared as sick units, the release said.
It said Rao requested the RBI governor to recognise the Telangana Industries Health Clinic (TIHC) as NBFC.
TIHC has a corpus of Rs 100 crore, it said.