Hyderabad:
Telangana government has offered to create an industrial cluster for
South Korean companies to set up manufacturing facilities in the state,
officials said today.
"Recently, Ministry of External Affairs appointed (facilitated) a
meeting of Telangana Chief Secretary and state's Industry officials with
Korean delegation where the state government offered a land parcel
depending upon the requirement of South Korea where various Korean
companies can set up their base at one place ... so it will be a
mini-cluster of Korean companies," Telangana (Industries, Commerce and
Power) Principal Secretary Arvind Kumar said.
Speaking to reporters on the sidelines of Korea Caravan 2016
organised here, he said the offer to create the cluster, which may also
include residential localities and school which can cater to their
specific needs, was again made to the South Korean Ambassador to India
Cho Hyun here today.
"Yesterday, they (a Korean industrial delegation) went and visited
some sites here. We are hopeful that some of the companies have
expressed their interests and it will be followed by one and one
meetings and we are hopeful we will be able to attract Korean companies
in a big way," Kumar said.
"In terms of manufacturing base, IT base or electronics base,
presence of South Korean companies in Telangana is not much as of now.
"Our effort is to make South Korea as the focus partner for us.
A team led by Industry Minister and officials will also visit South
Korea before December end," he added. On power sector in Telangana,
Kumar claimed that the state has overcome power deficit.
"Through GENCO we are adding 6,000 MW, Singareni Collieries 2,000 MW,
NTPC 4,000 MW and 2,000 MW from Chattishgarh which will make a total of
14,000 MW within next three years," the officer said.
"We have a solar energy generation target of 5,000 MW till 2018 and
out of this, PPAs were signed for 2,500 MW and most of them are likely
to be operational by April of next year," he added.
In addition, Telangana would be getting more power generation from
central generating stations and there will be some more PPAs and, in
all, about 20,000 MW plus capacity would be added in the state in the
next three years, he said.