South Korea looks for investment in semiconductors, EV, pharma, medical devices, others in Himachal Pradesh
A high-level South Korean trade delegation met the top industry and other department officials of the state government on Thursday.
SHIMLA, Himachal Pradesh. A high-level South Korean trade delegation comprising heads of its apex trade and industry organizations including the Embassy visited Shimla on Thursday to explore possibilities of investment and collaborations in upcoming sectors.
These sectors include Electronics, Semiconductor manufacturing, EV & EV components, pharmaceuticals, medical devices, Renewable Energy, Power, Agro & Food Processing, and Tourism sector.
The Korean delegation met Rakesh Kumar Prajapati, Director, Industries Department of Himachal Pradesh, and other key officials of the department on May 12 in Shimla.
Both sides discussed economic and bilateral cooperation between Korea and Himachal Pradesh State Government. The Korean delegation expressed interest in Electronics, Semiconductor manufacturing, EV & EV components, pharmaceuticals, and medical devices in Himachal Pradesh which has huge potential for Korean companies.
They also agreed that several sectors such as Renewable Energy, Power, Agro & Food Processing, and Tourism might be opportunities for collaboration between companies from Korea and Himachal Pradesh.
Led by Kwang Seok Yang, Commercial Attaché, Embassy of the Republic of Korea, the delegation comprised heads of Korea Plus, Invest India, KOTRA (Korea Trade-Investment Promotion Agency) – Commercial Section Embassy of the Republic of Korea, Korea International Trade Association (KITA), Korea SMEs and Startups Agency (KOSME), Korea Trade Insurance Corporation (K-Sure), and Chungcheongnam-Do Economic Promotion Agency (CEPA).
According to the delegation, KOTRA will share the features of Himachal Pradesh with Korean companies based in India as well as in Korea to attract them to this promising and investment-friendly state. “I hope, post this visit multiple opportunities open up in Himachal Pradesh,” said Kwang Seok Yang, the Commercial Attache, Korean Embassy, New Delhi.
A state-owned agency, KOTRA is the apex foreign trade promotion agency of the Korean government with offices across the globe. Likewise, Korea SMEs and Startups Agency (KOSME), Korea Trade Insurance Corporation (K-Sure), and Chungcheongnam-Do Economic Promotion Agency (CEPA) are trade promotion arms of the Korean government in their respective segments.
The Korean delegation included Ms. Jeemin Lee, Tax Attaché, Embassy of the Republic of Korea, Jae Ho Yoo, Director, Korea Plus, Invest India, Joonhwa Bin, Managing Director, South Asia, KOTRA, Ms. Myunglae Choi, Director, India-Korea Business Cooperation Center, KOTRA, Young Ho Lee, Chief Representative, Korea International Trade Association (KITA), Yong Yoon, Director, Korea International Trade Association (KITA), Seokchan Park, Director, Korea SMEs and Startups Agency (KOSME), Hong Ik Lee, Director, Korea Trade Insurance Corporation (K-Sure), Seung Chang Ha, Chief Representative, Chungcheongnam-Do Economic Promotion Agency (CEPA), Ms. Meghna Jain, Govt. and Industry Relations Specialist, KOTRA, and Ms. Sunjung Kim, Manager, India-Korea Business Cooperation Center, KOTRA.
The Korean mission also donated Korean-made Health and Wellness products to the state Health Department. These included KF-94 Masks, Portable Air Purifiers, Glucose Monitors, and Ginseng Stick for immunity.
Himachal Pradesh government was represented Rakesh Kumar Prajapati, Director of Industries, Ms. Sunita Kapta, Additional Controller of Stores, Naresh Kumar, Joint Director of Industries, Sanjay Sharma, Additional Director of Industries, Tilak Raj Sharma, Additional Director of Industries, Thakur Singh Negi, Joint Director of Industries, Ramesh Verma, Joint Director of Industries, Ms. Deepika Khatri, Deputy Director of Industries, Yogesh Gupta, General Manager, District Industries Centre, Shimla, Himachal Pradesh, and Dr. Anita Mahajen, Director, Health and Family Welfare, Himachal Pradesh.
KOTRA is a state-funded trade and investment promotion organization operated by the Government of South Korea. KOTRA was established in 1962 as a national trade promotion organization.
