Telangana chief minister K Chandrasekhar Rao continued his interactions and business talks with Chinese investors. On the third of his ten-day trip, he had finished his visit to successful Suzhou Industrial Park (SIP) located in Suzhou, a city popular as’ Paradise on Earth’. He was received by Yu Cai Zen, member of the China Singapore Industrial Park Committee. Yu briefed about the origin and development of the park and said that there were about seven Lakh of employees SIP.
Suzhou Industrial Park is an important economic cooperation project between Chinese and Singapore government and covers a total jurisdiction area of 288 sq km, among which 80 sq km area belongs to China-Singapore Cooperative Zone. It is a pilot zone of reform and opening-up and a successful model of international cooperation. It is one of China’s fastest-growing development zones with the most international competitive edges. It has been ranking the first for years among China’s development zones in using foreign capital. Rao shared with Park Committee members the salient features of Telangana State Industrial Policy. The CM also requested Yu and his team to extend their cooperation in developing such industrial parks in Telangana. Yu responded positively, according to CMO sources.
As China’s modernization drive gained momentum in the late 1980s, many Chinese delegations visited Singapore to learn modern management methods, while Singapore was also planning Economic Regionalization focusing on overseas investment. Both governments decided to join hands in developing a modern industrial park in the east of Suzhou. The China–Singapore Suzhou Industrial Park (CS-SIP) was thus born on February 26, 1994 when Chinese Vice-Premier Li Lanqing and Singapore Senior Minister Lee Kuan Yew signed the Agreement on the Joint Development of CS-SIP. The China-Singapore Joint Steering Council led by Chinese Vice-Premier Wu Yi and Singapore Deputy Prime Minister Wong Kan Seng will hold meeting every year to give directions for the development of SIP.
On Friday night Indian ambassador in Beijing Ashok K Kantha hosted dinner to the visiting chief minister. On arrival for the dinner CM signed in the Guests’ register at Ambassador’s house. Earlier he reached China capital from Shanghai after staying two days there. While in Shanghai, CM had an interaction with Yogesh Wagh, Director of Anju Infrastructure, a China based leading company. The CM explained in detail the Telangana State Industrial Policy to Yogesh who evinced keen interest and expressed his preparedness to invest in Telangana State. CM invited him to visit Telangana for which he responded positively.
