Telangana, New Jersey in ‘Sister State Partnership’ pact

Hyderabad: Telangana government has signed an agreement with New Jersey State on ‘Sister State Partnership’. Telangana Chief Secretary Mr SK Joshi and New Jersey State Governor Mr Philip Murphy signed the agreement here on Wednesday. Telangana Industries and IT Minister Mr KT Rama Rao said that this was a step forward in relation with New Jersey.

 

Telangana Industries and IT Minister Mr KT Rama Rao said: “This agreement facilitates cooperation in economic development, IT, Pharma, life sciences, biotech, fintech, media, data centres, clean energy, higher education, tourism, culture and health care areas.”

The agreement with New Jersey will also help Telangana progress in the renewable energy sector. Mr KTR said that both the state would prosper in geothermal and thermal energy storage sectors.

“The Telangana state has achieved 4,036MW power generation from solar and wind energy sectors,” said KTR.

Mr Murphy added that “Telangana state offers a conducive business environment to foreign investors.”

Further, Mr Murphy added that the agreement would pave the way for collaboration on the film industry between Telangana and New Jersey.

“Proud to pitch New Jersey to Tollywood and sign an MoU with Active Telugu Film Producers Guild. With our premier location, film tax credit and vibrant Indian community, the Garden State is an ideal partner for Telugu movie industry,” Mr Murphy said in a tweet.

Dasari Sreenivasa Rao

Dasari Sreenivasa Rao is a freelance journalist with 26 years of mainstream media experience in Hyderabad and Dubai. He was Business Editor at The Pioneer and Spl Correspondent at Deccan Chronicle and The Hans India. Earlier, he worked for prestigious media brands including ToI, Indian Express (Bombay) and SPG Media and Business Standard in Hyderabad. NSE-qualified Dasari specializes in derivatives trading. He was visiting faculty at IGNOU and handled two batches of journalism students. Dasari is passionate about business journalism and always suggests all to practice rigorous meditation that ensures peace of mind and helps in moving up the value chain.

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