CM invites Korean cos to set up units in UP

| | Lucknow
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CM invites Korean cos to set up units in UP

Wednesday, 31 July 2019 | PNS | Lucknow

Chief Minister Yogi Adityanath has invited Korean companies to set up units in the Defence Corridor, saying that Korean presence in UP’s industrial scenario has bolstered state’s economy and relations between the two countries.

“Korean companies have strong imprints in UP market. Samsung has set up the largest factory of the world in Noida. I invite Korean entrepreneurs to set up units in Defence Corridor which is likely to come up along Bundelkhand Expressway,” Yogi told a Korean delegation that met him at Lok Bhawan on Tuesday.

The Chief Minister said that many Korean companies had already made investments in the state because they were feeling safe here. “They have made investments in electronic sector and now the companies should invest in manufacture and defence sectors too,” he said. “We have investor-friendly policy. In framework of that policy, Korean companies should make a foray into defence and aerospace sector, which is likely to bring prosperity in the region,” Yogi said.

The CM said that the government was acquiring land for construction of Bundelkhand Expressway and along it, the Defence Corridor will come up. 

“If Korean companies invest there, it would be a great opportunity for both Korea and Uttar Pradesh, as the state is home to 22 crore people and it will provide a big market to the investors,” the CM said.

Yogi also spoke at length about cultural relations between the two countries and how economic partnership would help in increasing ties between two great nations.

The Korean delegation was led by Deputy Director of National Security Kim Yu Geun. DG of Project Defense Acquisition Program Administration (DAPA), Gang Eunho was also present in the meeting.

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