A Korean business delegation arrived in Uttar Pradesh to explore investment opportunities in the state, which is aspiring to become India’s first $trillion economy.
The delegation, comprising representatives of Herald Media Group and Daewoo, South Korea, today called upon senior UP Infrastructure & Industrial Development Commissioner (IIDC) officials in Lucknow.
The Herald Media Group, established in 1953, is a pioneer in media, education, and lifestyle sectors.
The delegation included Hong Kil-Yong, Director of Strategy & Business, Herald Media Group; Young-Min RYU, Senior Vice President, DAEWOO GLOBAL Business Group; etc.
IIDC Manoj Kumar Singh highlighted the state’s robust infrastructure, skilled workforce, and investor-friendly policies, inviting Korean companies to explore partnerships and investments in sectors like infrastructure, power, real estate, media, food processing and tourism.
Invest UP CEO Abhishek Prakash reiterated the support of the Yogi Adityanath government towards facilitating investments and business collaborations.
He outlined the advantages of UP as an investment destination, citing its strategic location, favourable business ecosystem, and proactive governance.
The Korean delegation expressed desire to establish a Korea-India Economic Forum between the Korean International Trade Association (KITA) and India, with a special focus on UP, to explore new business ventures. KITA comprises a network of 400 Korean companies.
Meanwhile, the delegation underlined to leverage UP’s vast market potential and skilled manpower to expand their operations and contribute to the state’s economic growth.