South Korea expresses its desire to invest in Assam
On Thursday, South Korea has expressed its interest in investing in healthcare, food processing, infrastructure, and tourism sectors, bringing in Korean companies to Assam.
A high-level South Korean delegation led by officials of the Delhi-based Embassy of the Republic of Korea and Korea Trade-Investment Promotion Agency (KOTRA) on Thursday held a meeting with Assam’s Commerce and Industry department Secretary, Manvendra Pratap Singh in Guwahati to explore the feasibility of investment in multiple sectors in the state.
In this meet, the economic and bilateral cooperation between Korea and the Assam government was discussed in detail. Korean officials expressed their keen interest in the largely untapped healthcare and other projects in the state.
The two sides also explored the possibility of collaboration between the Korean companies and Assam in several other sectors such as food processing, infrastructure, and tourism.
The Korean trade delegation promised to share the investment opportunity available in Assam with the Korean companies based in India as well as in Korea.
Kwang Seok Yang, the commercial attache in Delhi-based Embassy of the Republic of Korea, said, “Korea has invested mainly in automotive, electronics and chemical sectors since the 1990s and now intends to expand its interest to various industries such as pharmaceuticals, organic farming, food processing, and tourism.
“I hope, post this visit, multiple opportunities open up in Assam,” Joonhwa Bin, the Managing Director of KOTRA South Asia region, said, “Korean companies tend to be bold and try to be pre-emptive, so Assam can be one of the favourable destinations considering its vast potential.
“Based on this, we shall explore multiple opportunities with Korean companies operating in areas like infrastructure, healthcare, food processing, organic farming, and other sectors. We can leverage each other‘s strength for mutual benefit.”
The Korean delegation donated protection masks, infra thermometers, PPE kits, and sanitizers made in the southeast Asian country to Assam’s Health and Family Welfare department.
India-Korea Startup Center, K-Sure and Korea International Trade Association (KITA), and Korea Chamber of Commerce and Industry in India (KOCHAM).
[With Inputs from IANS]
PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views
For all the latest updates, download PGurus App.
- US Supreme Court clears extradition of 26/11 Mumbai attack convict Tahawwur Rana to India - January 25, 2025
- US freezes foreign aid funding amid Trump’s policy review - January 25, 2025
- Federal Judge blocks Trump’s executive order on ending birthright citizenship; calls it ‘blatantly unconstitutional’ - January 24, 2025
