Telangana woos Korean investment
A business delegation from South Korea which was in India to explore business and investment opportunities and led by Kihak Sung, also met Telangana Industries and IT Minister KT Rama Rao.
A business delegation from the Korea Federation of Textile Industries, led by Kihak Sung, which was in India recently to explore business and investment opportunities also met the Telangana Industries and IT Minister KT Rama Rao.
The Minister asked the Korean team to consider investing in the upcoming Textiles Park in Warangal. He made a
presentation on the facilities the 2,000-acre park will offer as also the incentives that the State government
will extend to new industrial units. The delegation held discussions with officials of the Industries,
Handlooms and Textiles Departments, a statement said.
According to Rama Rao, a dedicated industrial park for Korean investors would be set by the State government in
Telangana. â€œKTR assured of all possible help to the Korean investors in Telangana. A dedicated Korean
industrial park with support from government of Telangana was announced by the minister in the meeting,â€ says
an official release from the Telangana.
â€œHe spoke about Telangana state industrial policy and infrastructure facilities available in the state. The
Minister also pitched the companies to setup their electronic manufacturing, textiles, life sciences,
automotive, machinery and precision engineering plants in the state of Telangana, India,â€ adds the release.
The delegation led by KTR which interacted with senior leadership team of Samsung Electronics invited the
companyâ€™s delegates to examine the investment opportunities in state in the areas of electronics and medical
devices manufacturing, it said.
Rama Rao also interacted with Senior leadership team of Samsung Electronics and requested the Samsung delegates
to invest in the upcoming medical park which is to be set in the State. He has also addressed a business
meeting attended by more than 100 delegates in Seoul organised by the Indian Chamber of Commerce in Korea
(ICCK) and Union government, it added.