"Invest UP and IIDC Convene High-Level Meeting to Facilitate Korean Investments in Uttar Pradesh"

Today, a significant meeting unfolded at the Invest UP office, situated in PICUP Bhavan, Lucknow, marking a pivotal moment in bilateral relations between South Korea and India. The gathering convened a business delegation from Herald Media Group, South Korea, and DAEWOO E&C, alongside key officials from the Infrastructure & Industrial Development Commissioner (IIDC) office and Invest UP.

The primary objective of the meeting was to bolster bilateral ties and delve into potential investment avenues within the dynamic state of Uttar Pradesh.

Herald Media Group, a distinguished South Korean conglomerate founded in 1953, boasts a legacy of excellence in media, education, and lifestyle sectors. Among the esteemed members of the Korean Delegation were Hong Kil-Yong, Director of Strategy & Business Dept from Herald Media Group, Young-Min RYU, Senior Vice President of DAEWOO GLOBAL Business Group, and Dr. Sanjay Kumar, Journalist representing The Korea Herald.

The meeting agenda centered on extending warm greetings to officials from IIDC and Invest UP, while exploring the plethora of investment and business opportunities available in Uttar Pradesh for Korean enterprises.

Manoj Kumar Singh, Infrastructure & Industrial Development Commissioner, GoUP, welcomed the Korean delegation, underscoring Uttar Pradesh's commitment to fostering a conducive environment for foreign investment. He highlighted the state's robust infrastructure, skilled workforce, and investor-friendly policies, inviting Korean companies to explore partnerships and investments across various sectors including Infrastructure, Power, Real Estate, Media, Food Processing, and Tourism.

Abhishek Prakash, CEO of Invest UP, reiterated the state government's dedication to facilitating investments and business collaborations. Through a detailed presentation, he projected Uttar Pradesh as the preferred investment destination in India, emphasizing its strategic advantages such as location, business-friendly ecosystem, and proactive governance.

The Korean delegation expressed keen interest in establishing a Korea-India Economic Forum between the Korean International Trade Association (KITA) and India, with a special focus on Uttar Pradesh. This forum aims to foster new business ventures in India, particularly within Uttar Pradesh, leveraging the state's vast market potential and skilled manpower.

As the meeting drew to a close, the delegates conveyed their appreciation for the warm reception and hospitality extended to them. They reaffirmed their commitment to further exploring investment opportunities in Uttar Pradesh, marking a significant stride towards strengthening bilateral ties and fostering economic cooperation between South Korea and Uttar Pradesh.

ET