Sridhar Babu appeals for investments from Latin American and Caribbean nations-OxBig News Network

Telangana’s Minister for IT and Industries Duddilla Sridhar Babu addressing the second edition of the India–Latin America and Caribbean Countries Business Conclave, organised by the Global India Business Forum (GIBF) in Hyderabad on Saturday.
| Photo Credit: By Arrangement

Telangana’s Minister for IT and Industries, Duddilla Sridhar Babu observed that the trade policies adopted by U.S. President Donald Trump, particularly the imposition of tariffs on goods from various countries will be beneficial to India in some ways.

In the current global scenario, many industrialists seeking investment opportunities are increasingly turning their attention toward India, and particularly Telangana that has conducive atmosphere to establishment of industries.

Addressing the second edition of the India–Latin America and Caribbean Countries Business Conclave, organised by the Global India Business Forum (GIBF) in the city on Saturday, the Minister urged official delegates from Latin American and Caribbean nations to encourage their local industrialists to invest in Telangana taking benefit of the advantages here.

The Minister emphasized that Telangana is actively working to capitalize on these developments and attract greater investments. A special policy has also been introduced to empower MSMEs in Telangana to compete on the global stage. He assured that the State government would extend comprehensive support to all industrialists willing to invest in Telangana.

He also disclosed that six international companies, including three Korean companies, have come forward to invest in the NIMZ (National Investment and Manufacturing Zone) at Zaheerabad. Furthermore, the government is encouraging the establishment of industries in Tier-2 and Tier-3 cities across the State.

Special focus is also being placed on promoting agro-processing industries to transform farmers into successful entrepreneurs, the Minister said highlighting the many cultural and economic similarities between us and the Latin American & Caribbean countries.