Led by KCR, Telangana delegation reaches Beijing

Hyderabad, Sept 11 (INN): Telangana Chief Minister K. Chandrashekhar Rao, along with the delegation accompanying him to China tour, participated in the dinner, hosted by Indian Ambassador in Beijing Ashok K Kantha this evening.

On arrival for the dinner, the Chief Minister signed in the Guests' Register at Ambassador's house. Earlier, he reached China capital from Shanghai after staying two days there. While in Shanghai, the Chief Minister had an interaction with Yogesh Wagh, Director of Anju Infrastructure, a China based leading company. He explained in detail the Telangana State Industrial Policy to Yogesh who evinced keen interest and expressed his preparedness to invest in Telangana State. He invited him to visit Telangana for which he responded positively.

Before leaving Shanghai for Beijing, delegation members in the team of the Chief Minister visited Suzhou Industrial Park Located in Suzhou, a city known as "the paradise on earth". They had an interaction with Yu Cai Zen, member of China'Singapore Suzhou Industrial Park Committee. Yu briefed about the origin and development of the park and said that there are about seven Lakhs of employees working in the park. Ministers Jupalli Krishna Rao and Jagadish Reddy and other members of the delegation appreciated the development there. They shared with Park Committee members details of Telangana State Industrial Policy. They also requested Yu and his team to extend their cooperation in developing such industrial parks in Telangana.

Suzhou Industrial Park (SIP) 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.

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.