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IT minister K T Rama Rao also outlined opportunities for Australian companies to invest in sectors like IT, Healthcare, Aerospace, and Defence.

Telangana Victoria state explore collaborations in education research innovation
Atom Investment Friday, September 28, 2018 - 13:07

An Australian delegation led by Victoria State Governor Linda Dessau AC called on IT and Industries Minister K T Rama Rao during her visit to Hyderabad.

According to a statement from the minister’s office, KTR proposed that the state of Victoria, Australia and Telangana could collaborate in sectors such as education, research and innovation. The minister also told the Governor that Telangana is also actively seeking smart city solutions like Smart Energy Management, Smart Water Supply and Smart Traffic Management.

Further, in a bid to bring more investment to the state, KTR also outlined opportunities for Australian companies to invest in core sectors like IT, Healthcare, Aerospace, and Defence.

The minister’s office claims that Dessau was open to collaborate with the state and extended an invitation to Telangana IT minister to personally visit Victoria State to take the discussion forward.

As per the statement, KTR also briefed Dessau on Telangana’s efforts to boost the innovation ecosystem in the state through various initiatives such as T-Hub, WE-HUB, T-Works, Telangana State Innovation Cell (TSIC) and Research and Innovation Centre of Hyderabad (RICH).

Positioning Hyderabad as an attractive city for investments, the minister stated that Hyderabad, one of the fastest growing cities in India, is the major Healthcare and IT destination for global majors, adding that several MNCs having their operations in Hyderabad are engaged in cutting edge research and development activities.

Dessau is in Hyderabad as part of an Australia-India AgTech Market Access Program launched by startup catalyst T-Hub in partnership with Beanstalk AgTech, a venture builder focusing on high-growth Agricultural Technology (AgTech) companies across the Asia-Pacific region.

The program, sponsored by the Australian Government ‚Äď Department of Foreign Affairs and Trade, will kick-start in early 2019 with an aim to solve important agricultural sector problems in both the countries.

The Australia-India AgTech Market Access Program is the Ô¨Ārst bilateral platform between both the countries that provides a tailored and structured pathway for cross-border growth of AgTech startups.

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