Korean electronics firms looking to exit China are keen to invest in UP

State assure responds full support to Korean enterprises setting up base in UP, is planning a logistics park for which the standing policy will be revised

Korean industrialists have expressed interest in investing in Uttar Pradesh amid reports that companies with investments in China are exploring the possibility of moving out of that country following the coronavirus outbreak.

Korea Chamber of Commerce and Industry (KCCI) chairman Yongmaan Park has told the UP micro, small and medium enterprises (MSME) and export promotion minister, Sidhart Nath Singh. He added that Korean electronics makers, looking to move out of China, were keen on investing in the state.

Welcoming the proposal of KCCI, Singh promised that the state government would provide all help to the Korean investors to set up their plants