Telangana attracts Cyrus Mistry, Mukesh Ambani for investments

To attract investments into the state, Telangana IT Minister K T Rama Rao on Monday called on Tata Group Chairman Cyrus Mistry and RIL Chairman Mukesh Ambani in Mumbai.

Rama Rao, son of Chief Minister K Chandrasekhar Rao, discussed with Mistry and Ambani about possibilities for investment in IT, industry and housing sectors, a state government release said. The Tata group would join the state government in the latter's mega housing scheme, according to the release.

Mistry said a Tata-AIG technology development centre would be set up in Hyderabad. The Tata Capital would help the state government's initiative of T-Hub, an incubation centre, the release said. Rama Rao explained to Ambani about the possibilities for industrial development in Telangana and also the state government's schemes like Mission Kakatiya (progamme of restoration of tanks and lakes), Mission Bhagiradha (a drinking water project) and double-bed room houses scheme, the release added.