A 20-member delegation led by Hon Consul General of India in South Korea Jeong Doek-Min called on Chief Minister Chandrababu Naidu and evinced interest to invest in Andhra Pradesh.
Jeong Doek-Min, also the Special Envoy to Andrea Pradesh to Busan led the delegation. The member companies sought to explore manufacturing opportunities in automobiles, food processing, shipbuilding, industrial engineering and construction.
Jeong Doek-Min opened the India Cultural Centre and Make in India Centre in Busan. The Make in India centre in Busan, inaugurated by Prime Minister Modi seeks to bring companies from Busan to manufacture in India.
Naidu visited the Make in India centre in Busan and advocated for a Make in Andhra center owing to sustained investments from South Korea. One MoU was signed by the Government of Andhra Pradesh to set up a Korean Industrial City in the state.
Busan is South Korea’s second most-populous city after Seoul, with a population of over 3.5 million inhabitants. It is the economic, cultural and educational center of south-eastern Korea. Busan is a maritime logistics hub in Northeast Asia with its world-class mega ports, and a gateway to the Eurasian continent.
The delegation from Busan would wish to establish an ‘industrial city’ and participate in manufacturing opportunities the state has to offer, especially automobiles, engineering, shipbuilding and food processing. Jeong Doek-Min requested the Chief Minister for stronger economic, trade and cultural ties between Busan and Andhra Pradesh.
Interacting with South Korean industrialists, the Chief Minister said Andhra Pradesh has many advantages including long coastline. He invited the South Korean team to offer their technology in ship building and developing inland water logistics. He said that there is wide scope for food processing and dairy sector. He said a South Korea town ship would be developed in Amaravati. He offered them to work together in promoting culture and heritage.
The Chief Minister assured clearances within 21 days and invited the delegation to come out with more investments. He said that he want to develop Andhra Pradesh as manufacturing hub. He said an excellent eco system was prevailing in the state to attract industries. The Chief Minister expressed hope that Andhra Pradesh would be as industrialized as Busan and called for elevating the status of partnership with Busan.
The delegation also has a round table meeting with various departments and expressed keen interest to work with relevant departments. Some of the companies in the delegation included BN BIP, Elentech, Dongnam TS, Sunbo and Daesan Model.