Trade and Industry Mustapa Mohamed met Industries Minister K. Taraka Ramarao here on Wednesday and discussed the possibilities of cooperation in various sectors in the state.
The high level Malaysian delegation which accompanied the minister also exchanged views on various issues where the two governments could work with each other.
KTR while welcoming the delegation said that India and Malaysia shared long traditional ties and there is a cultural bond between the two countries. With eight percent of the Malaysian population consisting of people of Indian origin, synergy is possible with Malaysia. He explained about the new industrial policy and the incentives provided by the government for setting up industries in the state.
He said Telangana is the most preferred destination for investment. The industrial policy of the state promises uninterrupted power, dedicated water supply and right to single window clearance. Self certification and accountability are the salient features of the industrial policy, he added.