Minister of Foreign Affairs and International Cooperation Sheikh Abdullah Bin Zayed Al Nahyan visited T-Hub on Friday to look at the innovation that happens in the incubator. Taking the opportunity of his visit, state’s IT Minister KT Rama Rao explored possibilities of collaboration with T-Hub through priority programs between United Arab Emirates (UAE) and Telangana. He also said that the government of Telangana is looking for potential investments from companies based in UAE.
KTR, who escorted the UAE delegation said that Telangana is keen on collaborating with UAE in blockchain technologies. He said that like UAE, Telangana too was laying focus on blockchain in a bid to become a leader in this new technology. The government too, he said is looking for use cases to apply blockchain in various government processes to improve governance.
Elaborating on potential tie-ups with T-Hub, he proposed to create a market access program for UAE-based startups that have solutions or products that could be relevant to the Indian market. From its side, KTR said there are eduTech startups which can help improve learning outcomes for students in UAE.
Apart from blockchain and edu-tech, KTR also spoke to exploring partnerships in finding solutions in areas such as water, renewable energy, among others.
T-Hub, in the past, through its India market access programs has been attracting startups from across the globe to come to T-Hub an with its support, establish a market for it in India.
He pitched Telangana as a business-friendly state citing the government industrial policy and various initiatives taken by the government, thus making it one of the most progressive state in terms of doing business and attracting investments.
In response to KTR hardselling the state and T-Hub, the UAE Minister too, extended an invitation to KTR to visit and explore business opportunities in UAE.