Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Telangana minister woos investors at WEF

Telangana minister woos investors at WEF

World Economic Forum (WEF)Hyderabad : Participating in the World Economic Forum (WEF) for the first time, India’s youngest state Telangana is trying to woo investors.

The delegation led by Minister for Information Technology, Industries and Municipal Administration K.T. Rama Rao called on top executives of various companies and business leaders in Davos.

At the state pavilion at WEF, the delegation met the investors and briefed them of the enormous opportunities Hyderabad and other parts of the state offer.

The minister met Petra Laux, Head Global and Public Affairs, Novartis. Rao tweeted that expansion of Novartis in Hyderabad was among the issues discussed.

He also explained the progress of Hyderabad Pharma City, a state-of-the-art facility coming up with a university and research centre.

KTR, as the minister is popularly known, also met delegation from Mitsubishi Heavy Industries led by Ken Kawai, Executive Vice President

He also called on Aloke Lohia, founder and group CEO, Indorama Ventures PCL, the world’s largest polyester company by capacity.

During the meeting, the minister explained about the Telangana’s progressive industrial policies and also the existing textiles ecosystem in the state.

He invited Aloke Lohia to explore investment opportunities in Kakatiya Mega Textiles Park coming up in Warangal.

With AirAsia Berhad’s CEO Anthony Fernandes and Deputy CEO Aireen Omar, KTR discussed the prospects of setting up AirAsia’s Tech Center and running innovation programmes to support startups in the aerospace sector.

KTR, who is Chief Minister K. Chandrasekhar Rao’s son, tweeted that he also had a brief but scintillating meeting with Chairman of RIL, Mukesh Ambani.

Earlier, the minister also met Andhra Pradesh Chief Minister N. Chandrababu Naidu and his son and cabinet minister Nara Lokesh.

KTR is scheduled to speak at a few sessions at WEF. He will participate in the discussion titled ‘Leveraging digital to deliver value to society’ on January 25. He will also participate in the roundtable on “Promoting design in India” organised by Department of Industrial Policy and Promotion.

The next day, he will speak at the session titled ‘Global Tech, Local Solutions: Artificial Intelligence.’

—IANS

Chinese investors to fund 10 Indian startups

Chinese investors to fund 10 Indian startups

chinainvestBengaluru, (IANS) As many as 15 Chinese investors representing nine firms have shortlisted 10 Indian startups, operating in mobile technologies, e-commerce and medical technology, for up to $5 million seed and Series A funding, it was announced on Tuesday.

However, the shortlisted Indian startups selected at the ‘Date with Chinese Investors’ were not disclosed to avoid poaching from rival investors, while another five to seven startups are being reviewed for funding.

“We have chosen Bengaluru over other cities to start because of the great infrastructure and tremendous support given by state government. Manyaare thrilled to see the potential among Indian startups,” said investor and OnionFan CEO Hutu.

Pickup Wheat (Shimai) Finance, Harmony Invest, Grand (Daguan) Capital, Incapital, Zhejiang WenChuang Group, YeahMobi, Hangzhou Zhexin Information Technology and Cyber Carrier are among the firms which participated in the event scheduled from May 1-3.

The Chinese investors visited the Karnataka government’s Mobile 10X Hub in Diamond District to evaluate the entrepreneurial pitches of more than 150 startups which arrived from Chennai, Hyderabad and Mumbai.

“The event was aimed to show the landscape of Chinese and Indian venture and investment, and to facilitate the innovation and communication between the two countries,” said an official statement.

Funding interest from China is aimed at expanding the business range and global impact of Chinese investments organisations while on the other hand Indian startups stand to benefit from better and easier funding.

The event was organised by tech media and investment company OnionFan in association with Mobile 10X.