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Telangana seeks Penang's support for hi-end tech,manufacturing

Press Trust of India  |  Hyderabad 

and the Malaysian state of Penang today agreed to work closely in high-end technology and manufacturing, and also decided to improve cultural ties.

A delegation, led by its Deputy Chief Minister of Penang, P Ramaswamy today Minister for Industries, IT and NRI Affairs here and discussed issues related to mutual cooperation and economic collaboration between the two states, an official release said here

Rama Rao sought Pengang's cooperation in the manufacturing sector, as that state is leading in that field.

"Manufacturing is the most important component of the Penang economy. Rao said a delegation from would visit the Penang Development Corporation to study the model adopted in creating employment opportunities," it said.

The Penang Development Corporation is a self-funding statutory body aiming to enhance Penang's socio-economic development to create employment opportunities.

Rao said Telangana government is working towards strengthening the manufacturing sector and creating job opportunities.

"The government has identified 14 sectors, including life sciences, information technology, defence and aerospace as the focused sectors and sought investment in them," the Minister added.

Telangana's Principal Secretary for Industries, Commerce and Energy Arvind Kumar sought cooperation of Penang in the field of PV manufacturing stating that Telangana has taken up an ambitious programme for harnessing solar energy.

He invited the PV manufacturers of Penang to invest in Telangana as there is lot of potential in the state.

Ramaswamy said Penang is ready to cooperate with Telangana in the manufacturing sector and also in skill development. He sought Telangana's cooperation in the service sector and software development, the release added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 24 2016. 18:42 IST