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South Korea Shows Interest in Assam, Plans To Invest And Bring Korean Companies To The State

Top officials comprising South Korean delegates recent visited Assam to discuss the scope of investment opportunities in the state.

South Korea Shows Interest in Assam, Plans To Invest And Bring Korean Companies To The State

Source: Google 

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 Oct 2021 7:03 AM GMT

Guwahati: On Thursday, a team of South Korean delegates arrived in Assam and expressed their desire to invest and bring Korean companies to the state in regard to various sectors of the state such as healthcare, food processing, infrastructure and tourism.

The South Korean delegation met the Secretary of Assam's Commerce and Industry Department, Manvendra Pratap Singh, and engaged in a discussion about the scope of investment opportunities in various sectors of the state.

The Embassy of the Republic of Korea and the Korean Trade-Investment Promotion Agency (KOTRA) led the South Korean delegation which comprised top officials from the Embassy of the Republic of Korea, (KOTRA), the India-Korea Business Cooperation Center, the India-Korea Startup Center, K-Sure, and the Korea International Trade Association (KITA) and the Korea Chamber of Commerce and Industry in India (KOCHAM).

The South Korean officials were specifically interested in the healthcare technology in Assam after reviewing the economic and bilateral cooperation between South Korea and the state government.

According to sources, discussions about a possible collaboration between the two parties in investing in the state's food production, infrastructure and tourism sectors have been reported to have taken place.

A top South Korean delegate was quoted saying, "Since the 1990s, Korea has primarily invested in the automotive, electronics, and chemical sectors, but it now plans to expand its interests to include pharmaceuticals, organic farming, food processing, and tourism. I'm hoping that after our visit, Assam will be flooded with opportunities."

"As a result, we will look at a variety of prospects with Korean enterprises in areas such as infrastructure, health care, food processing, organic farming, and other fields," he added.

The South Korean delegation also provided the Health & Family Welfare Department of the Assam government with Korean made protection masks and thermometers from the Korean mission.

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