Daily Archives: September 11, 2015

It’s raining investments for Telangana

Business & Economy, World Opinion
Telangana Chief Minister K. Chandrasekhar Rao at a meeting with K.V Kamath, president, and Xian Zhu, vice-president, of New Development Bank Shanghai, in China on Thursday. --Photo: By Arrangement
Telangana Chief Minister K. Chandrasekhar Rao at a meeting with K.V Kamath, president, and Xian Zhu, vice-president, of New Development Bank Shanghai, in China on Thursday. –Photo: By Arrangement

Celkon and Makeno sign MoU in the presence of KCR to invest $ 20 million dollars for setting up TV unit in Hyderabad

Celkon and Makeno have signed a memorandum of understanding with the Telangana government in the presence of Chief Minister K. Chandrasekhar Rao at Shanghai in China on Thursday to invest $ 20 million for setting up a LED TV unit in Hyderabad.

Two more Chinese companies in cell phone components and headphones have also come forward to invest in Hyderabad, a release said.

KCR travels in high speed train

Earlier in the morning, the Chief Minister and his delegation in China reached Shanghai from Dalian after attending World Economic Forum meeting. They travelled by Maglev high speed train which moves at 300 kms per hour while travelling to Shanghai, a global financial hub on China’s central coast.

Later, Mr. Rao addressed a meeting organised by Confederation of Indian Industry and the Telangana government where the MoU was signed. Shanghai Electric Corporation vice-president Shao whose company was a $ 40 billion entity met Mr. Rao.

The company expressed interest in setting up manufacturing and supply units of high powered pumps and electrical equipment in Hyderabad. Mr. Rao welcomed the company and requested its team to visit Telangana.

At the CII meeting, Mr. Rao addressed 65 Chinese entrepreneurs and companies. He explained the availability of land bank, hassle free permissions to set up industries and zero corruption in the entire process. Many industrialists expressed desire to invest in Telangana.

Mr. Chandrasekhar Rao also met K.V Kamath, president, and Xian Zhu vice-president of New Development Bank of Shanghai and sought their help in funding urban development projects.

Their 40 minute meeting was interesting and the response of the bank officials was positive, said a press release.

The bank of Shanghai is a new enterprise in the process of formulating funding policies. It focuses on infrastructure development in developing countries.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – September 11th, 2015

She cabs arrive in Telangana for women safety

Arts, Culture & Entertainment, Inspiration / Positive News and Features, Travel

Hyderabad :

In another step to make travelling safe for women, the Telangana transport department on Tuesday launched She Cabs, a taxi service provided by women for women. Male customers will be ferried only if at least a woman passenger accompanies them.

Transport minister P Mahender Reddy launched 10 She Cabs taxis. The transport department helped the women get finance and buy the vehicles, Maruti Swift Dzire cars, at subsidised rate. Till now, 18 applicants were approved for She Cabs.

“The She Cab tax service has been launched keeping in view the safety of women commuters. The driver will be a female. Male passengers can ride provided at least one female accompanies them. Only male passenger will not be allowed,” transport commissioner Sandeep Sultania said.

The cars were fitted with security features like panic button, GPS and connected to police control room through GPS.

“Women development and child welfare department has provided 35% subsidy for the 10 vehicles under She Cab scheme and also released 10% margin money (Rs 82,500) per candidate,” the officials said.

The government would not fix tariff and it would be left to the She Cab operators to decide for themselves. Though the transport department initially planned to run the She Cabs, especially for woman employees working in the IT corridor and the Rajiv Gandhi International Airport (RGIA), the response from the applicants to operate the woman-only taxi service on these sectors was poor.

source: http://www.timesofindia.indiatimes.com / The Times of India / News Home> City> Hyderabad / TNN / September 09th, 2015