Dubai Holding said to be in talks on Hyderabad Smart City plans
Telangana government is reportedly in discussions with Dubai firm to establish tech project similar to one in Kochi
The Telangana government is reportedly in talks with Dubai Holding, the government-owned company, to establish a Smart City in Hyderabad.
According to Times of India, Dubai Holding representatives were taken around various possible locations on Wednesday.
It said the company is currently involved in the construction of Kochi Smart City in Kerala that is expected to generate up to 90,000 jobs in the IT sector and support services.
The paper reported tht Dubai Holding officials were invited to the city by IT minister KT Rama Rao while chief minister K Chandrasekhar Rao is set to visit the Gulf this weekend to meet with investors and to promote industrial and business investments in Telangana.
It added that UAE-based Lulu Group has already expressed interest to invest in Telangana with plans to build a hyper-mall, fruit and meat processing centres.
The paper quoted Jayesh Ranjan, vice-chairman and managing director of the Telangana Industrial Infrastructure Corporation, as saying the state government would study in detail the Kochi Smart City plans to incorporate the best ideas and concepts into Hyderabad's Smart City.
The company representatives will come back to the government with their proposals after they study the state's plans, he added.