Korean Delegation Discusses Investment Opportunities With Naveen In Odisha

Bhubaneswar: A 46-member South Korean industrial delegation led by the Korean Ambassador Shin Bong Kil met CM Naveen Patnaik in Bhubaneswar today to explore and discuss various investment opportunities in Odisha.

The delegation comprised MNCs like Samsung, Honda, Kia Motors, Hyundai etc. and Korean industrial bodies including Korea International Trade Association, Trade co-operation, Investment Promotion Agency and Tourism.

Though POSCO failed to commence its operations in Odisha, the Korean Caravan delegation is enthusiastic to explore other opportunities that Odisha has to offer. Ambassador of the Republic of Korea, Shin Bong Kil, holding a press meet, said "For various reasons POSCO could not set up factory in the State but now Korea is going to start a new relationship."

Ki Cho Jung, representing Korea International Trade Association said, "Not only agriculture, but we are interested in every sector starting from commodities to manufacturing and services.”

It’s worth mentioning that due to delay by Odisha government in land acquisition process for the plant, POSCO finally folded its operation and left Odisha. Speaking to media on POSCO, Jung said, “We don’t know the past, we are here to focus on the future.”

Following the meeting, the Chief Minister said, "Discussions were held on investment in several sectors--petroleum & petro chemicals, electronics, handloom, tourism and food processing. The State will extend all kinds of support to the investor."

Industries Minister Captain Dibya Shankar Mishra too expressed hope of reviving Odisha’s industries with Korean industries. He said, “We welcome Korean delegation’s meeting with our CM. Our government is quite hopeful of getting more and more foreign investments.”