Chinese industry has shown interest in the setting up of a Dry Port and a prefab concrete manufacturing factory in Telangana.
Two MoUs have been signed between the visiting Chinese companies and the State Government. The Sany Group is keen on establishing a prefab concrete manufacturing factory and its representative Haijen Deng, Secretary of Sany International Housing, and M Dhana Kishore, Secretary Housing Department, Telangana, have inked the agreement.
For implementing the Dry Port Solutions, the agreement was signed by Secretary, Industries and Commerce Jayesh Ranjan, and Wengen Liang, Chairman of the port of Sany Heavy Industry.
A 45-member delegation from China consisting of Chinese companies led by Sany Group of Companies had a joint meeting for cooperation on Telangana development at the Falaknuma Palace on Friday. The Chief Minister, K Chandrashekhar Rao, welcomed them for their preparedness in investing in the State.
The delegation members included Vice-President of CCTEG Shenyang Engineering Company, Zhang Keshu; Vice-President, China Minsheng Investment Corporation, Chen Guogang; Chairman of China Coal Mine Construction Group Corporation, Xhao Shibing; Vice-President, Power Construction Corporation of China Zeng, Xingliang; Chairman of CHINT Group Company, Nan; Vice-Chairman and Vice-President of Golden Concord Holding Ltd, Shu Hua and Tzou Sean, respectively; Vice-President of Lianyungang Port Holding Group Companies Li Chunhong; Vice-President, State Power Investment Corporation, Ma Lu, and CEO Tebian Electric Apparatus Stock Company.
K Pradeep Chandra, Special Chief Secretary, welcoming the guests said that within a month after the Chief Minister visited China, the delegation has come here indicating the keen interest of Chinese companies in investing in the State.
In a video presentation, nine areas of opportunities for investment namely Dry ports, Power Generation, Power Distribution, Coal Mining, Social Housing, Road Development and Logistic parks in HMDA were explained to the delegates.
Sany Group has total assets of $ 18 billion and has branches in 100 countries all over the globe. It has its presence in manufacturing and R&D facilities in India also. Sany was established in 1989 and is the Chinese number one and the world’s number five construction machinery manufacturer. Its products include concrete machinery, excavators, pile driving machinery, and wind turbines.