Korean Delegation led by Ambassador met CM Naveen Patnaik to explore investment opportunities in #Odisha

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Bhubaneswar: A 46-member delegation from Republic of Korea led by Ambassador, Shin Bongkilon, met Odisha Chief Minister Naveen Patnaik to explore and discuss various investment opportunities in the State.

Ambassador of the Republic of Korea, Shin Bongkilon, holds press meet on investment in  Odisha, says for various reasons POSCO could not set up factory in the State but now Korea is going to start a new relationship.

Welcoming the Korean Ambassador and the business delegation, Patnaik said that there is a significant opportunity for both Korea and Odisha to strengthen trade, investment and tourism exchanges. Speaking about Odisha’s six focus sectors– Electronics manufacturing, Petroleum, Chemicals and Petrochemicals, Textiles, Tourism and Downstream to Metal and Food Processing– he said the state would facilitate the growth of these industries by providing a conducive business environment, industry-ready infrastructure and skilled workforce.
Expressing that Korea and Odisha have many possibilities to collaborate across identified focus sectors, he said the state would soon promulgate a strategy document, Vision 2030, which aims to ensure that 50 percent of the primary metals produced in the state is value-added within the state.
“In addition, Bhubaneswar is home to some of the largest IT companies in the world and with the advent of embedded systems driven Industry 4.0, the planned electronic manufacturing cluster, with ready-built sheds and a walk-to-work development plan, near the IT behemoths would be an ideal place for electronics products manufacturing by Korean companies,” the CM said.
“I would like to take this opportunity to invite all industries from the Republic of Korea to come visit Odisha and explore the new opportunities that the state has to offer,” he added.
Korean Ambassador Shin Bong Kil appreciated the vision of the Chief Minister and the keenness of Odisha Government for investment and industrialisation in the State.
He expressed strong possibilities of investment in various sectors including agriculture, horticulture, fisheries and services.
Skill Development Authority Chairman Subrato Bagchi spoke on the advantages Odisha offer in skilled manpower.

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