Korean companies keen to invest in Punjab, Haryana

South Korea today expressed willingness to invest in Punjab, Haryana, Himachal Pradesh and Chandigarh region, and is keen to develop IT in cyber security and data protection space.
It has evinced keen interest to invest in joint venture partnership with industrialists from Northern region, and has expressed willingness in developing IT especially in cyber security and data protection and infrastructure projects, including smart cities, transportation, power generation and transmission.
"Korea is particularly keen to forge business ties, JVs, partnerships, mergers and develop other inter-trade mechanisms like appointing dealerships and distributor channels with the industrialists from Northern India, especially Chandigarh, Punjab, Himachal and Harayana region, considering immense potential in this region for Korean technologies and products having a large number of small and medium industries," said Cho Hyun, ambassador of Korea in India, while visiting IT facilities in the city.

"The visit of Prime Minister Narendra Modi to Korea and various steps taken by India including launch of 'Korea Plus', a special initiative to promote and facilitate Korean investments, and steps for easing of doing business and creating an ideal investment environment coupled by success of several existing Korean companies in India, large number of new companies are interested in investing and setting up industries in India and becoming a key partner in 'Make in India' initiative," Hyun said.
He added that the India-Korea comprehensive economic partnership agreement has the potential to take bilateral trade relations between the two countries to new heights.

Jadip singh, Chairman, Sigma Group who is the first Honorary consul general of Korea in Chandigarh accompanied the Korean Ambassador.
Korean Embassy will be opening its Consul general office in the city tomorrow.
"The opening of Consul General office in Chandigarh will provide limited consul assistance in the states of Punjab, Haryana, Himachal Pradesh and Union territory of Chandigarh," said Jagdip Singh.