Hyderabad: Singapore's Minister-in-Charge of Trade Relations, S Iswaran congratulated Chief Minister K Chandrasekhar Rao on his re-election and expressed confidence that economic relations between Telangana and the city state would improve further under his leadership.
"Under your leadership, Telangana has achieved a stellar annual revenue growth rate of 17.17 per cent. Singapore companies have also recognised Telangana's favourable investment climate," a release from Rao's office Thursday quoted the Singapore Minister as having said in a congratulatory letter.
"During your tenure, DBS (Development Bank of Singapore) built its largest technology hub outside its Singapore headquarters in Hyderabad and Ascendas-Singapore continued to expand its footprint within the state," the minister said.
Iswaran said he was confident that, under Rao's leadership,economic relations between Singapore and Telangana would strengthen further and more Singapore-based companies would find opportunities to participate in Telangana's economic development.
The Minister looks forward to continuing working with CM KCR to strengthen ties between Telangana and Singapore, the release added. He wished Rao a continued success in his second term as Chief Minister. (PTI)