KTR pitches for Korean investments

Minister meets leading industrialists on day 2 of his visit

January 17, 2018 12:30 am | Updated 07:43 am IST - HYDERABAD

Pitching for investments from South Korean in Telangana, the State government has assured to extend all cooperation for the country’s industries in setting up their ventures here.

Industries and Information Technology Minister K.T. Rama Rao had a hectic day on Tuesday, meeting several leading industrialists on the second day of his visit to South Korea.

The Minister explained the salient features of policies like the TS-iPASS put in place by the government for according single window clearances for industrial ventures to promote accelerated industrial growth in the State.

The Minister asked the Korean industry to consider investments in information technology, automobile, textile and pharmaceutical sectors in particular.

Mr. Rama Rao called on Hyundai Corporation working vice-president Nam Geunho and explained about the prospects the State held for automobile sector. He also called on green energy major OCI’s CEO WooHyun Lee and invited the firm to set up its venture here.

The delegation led by Mr. Rama Rao held detailed discussions with Mobile Internet Business Association of South Korea on the investment opportunities here. The association CEO Choi Dong Jin was invited to participate in the World IT Congress slated to be held here next month. The delegation entered into a memorandum of understanding with the Korean major for joint collaboration in internet of things, virtual reality and electronic manufacturing sectors, according to a press release.

Mr. Rama Rao later called on representatives of textile associations and explained them about the government’s initiatives in promoting a mega textile park, Kakatiya Mega Taxtile Park, that was set to become an attractive investment destination in the coming days.

During his meeting with the Korea Dyeing and Finishing Institute chairman Yoon Nam Sik, Mr. Rama Rao sought the institution’s technical cooperation in human resource management, water treatment and other aspects of the proposed mega textile park.

The delegation comprising government’s advisor G. Vivek, IT department principal secretary Jayesh Ranjan and others visited Daegu metropolitan area as part of the visit, the press release stated.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.