Inviting industrialists from Republic of Korea to invest in Andhra Pradesh, State Chief Secretary IYR Krishna Rao said a Korea Desk will be set up to facilitate Korean investors.
Drawing upon the historical linkage between the two countries the Chief Secretary said that the relations between India and South Korea was cultural and not commercial and emphasised on the need for strengthening the two millennia old relationship that began with Princess of Ayodhya marrying King of Korea in AD 48.
Speaking at the inaugural of the Korea Caravan organised by the Korea Andhra Pradesh (AP) Friendship Forum here on Tuesday, the Chief Secretary emphasised on the ease of business in the State which was recognised by the World Bank in its latest report on the subject.
He invited Korea to partner the State in building the Greenfield capital Amaravati and thanked the Embassy of Republic of Korea for selecting Andhra Pradesh to organise its first-ever Korea Caravan outside New Delhi.
Earlier, Minister for Information Technology and Public Relations Palle Raghunadh Reddy spelt out the priority areas of the State Government and said that Chief Minister N. Chandrababu Naidu had expressed his regret that he could not attend the event. HRD Minister Ganta Srinivasa Rao listed out the opportunities in and around Visakhapatnam and invited investment in packaging industry.
Andhra Pradesh is making spectacular progress and is drawing attention of the world to its performance, Ambassador of Republic of Korea to India Joon-gyu Lee said. The Korean industries had developed expertise in a number of avenues and were keen on investing in Andhra Pradesh in infrastructure, skill development and smart cities.
The AP is an attractive investment destination with its inherent advantages like natural and human resources and hoped that the State Government would support the investments.
Former ambassador of India in South Korea Skand R Tayal, expert on Korean and professor of University of Delhi Sandip Mishra, expert on India studies in Korea Institute for International Economic Policy Choong-jae Cho and India expert at Institute of Indian Studies Ock Soon Lee talked on the relationships between the two countries. Industrialists and experts from both the countries participated.
