Telangana is keen to collaborate with United Arab Emirates (UAE) in blockchain technologies, state IT Minister K. T. Rama Rao said on Friday.
He was talking to Minister of Foreign Affairs and International Cooperation Sheikh Abdullah Bin Zayed Al Nahyan who visited T-Hub, India's largest startup incubator and appreciated the innovations being done here.
KTR, who escorted the UAE delegation, said Telangana, like UAE, was focused on blockchain and had a strong ambition to become the national leader in this domain.
Stressing that the state was keen to collaborate with UAE whose focus and priorities on blockchain were well recognized and respected.
â€śLike the UAE government, Government of Telangana is also focused on the blockchain, and is keen to find best use cases to apply blockchain solutions in various domains of governance. Incidentally, we are hosting a major international blockchain Congress in Hyderabad in the first week of August. We have a strong ambition to become the national leader in this domain in India, And we would be very keen to collaborate with UAE whoâ€™s focus and priorities on blockchain are well recognized and respected,â€ť KTR added.
The UAE Minister extended an invitation to KTR to visit and explore business opportunities in UAE.
KTR proposed to create a Market access program for UAE-based startups with a product or a solution relevant for the Indian market. He said Tech startups in the education space could be identified who can come up with innovative solutions for improving learning outcomes of the diverse range of students in UAE schools.
KTR also offered to jointly explore opportunities for finding innovative solutions for common priorities in the areas of renewables, water, and other natural resources and said that the Telangana government continues to look for potential investments from UAE-based companies.
â€śTelangana has the most progressive industrial development and investment policy in the country, and we are rated number one in the ease of doing business. We have already received investment proposals from three leading UAE-based companies, and we are sure that we can become an ideal destination for any UAE investors who wish to set up his manufacturing unit in India,â€ť he said outlining the Telangana governmentâ€™s industrial policy.
(With IANS inputs)