Global investors' meet put off
Hyderabad, Oct 5 (INN): The proposed global conference to be organised by the Confederation of Indian Industries and the state government has been postponed by almost three months. The conference, eagerly awaited by industrialists in the state, was originally scheduled to take place on November 12 and 13. It will now be held on February 4 and 5 in 2011, according to reliable sources. The reason behind postponement of such a meet at a time when the State requires the support of prospective investments is not known.
No official reason has been given for the postponement of the conference, but sources say that with the situation over the bifurcation of the state coming to a boil, the whole purpose of the conference would have been lost if it was held at the originally scheduled dates. Sources say that any potential investor would have been wary to invest with the Telangana turmoil as the backdrop.
Secretariat sources say that the government will come out with the official line that the authorities concerned have been given additional time to see that they leave no stone unturned for better presentation of the State's resources to the investors.
An Advisory Committee consisting of CII officials were supposed to oversee the successful meet.
Hyderabad, Oct 5 (INN): The proposed global conference to be organised by the Confederation of Indian Industries and the state government has been postponed by almost three months. The conference, eagerly awaited by industrialists in the state, was originally scheduled to take place on November 12 and 13. It will now be held on February 4 and 5 in 2011, according to reliable sources. The reason behind postponement of such a meet at a time when the State requires the support of prospective investments is not known.
No official reason has been given for the postponement of the conference, but sources say that with the situation over the bifurcation of the state coming to a boil, the whole purpose of the conference would have been lost if it was held at the originally scheduled dates. Sources say that any potential investor would have been wary to invest with the Telangana turmoil as the backdrop.
Secretariat sources say that the government will come out with the official line that the authorities concerned have been given additional time to see that they leave no stone unturned for better presentation of the State's resources to the investors.
An Advisory Committee consisting of CII officials were supposed to oversee the successful meet.
News Posted: 5 October, 2010
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