The Make in India campaign which was launched by the Indian PM, Narendra Modi has surely piqued the interest of various international players, Korea being one of them. A Memorandum of Understanding (MoU) has been signed by the Andhra Pradesh Government and MIC (Make in India Korea Centre). The idea is to set up a Korea Industrial Complex in AP.
The MoU also defines the establishment of Andhra Pradesh Centre in South Korea’s Busan. In order to promote investments and businesses in the state, the MIC will also be conducting various outreach programmes in Korea.
During a recent visit to Busan, Andhra Chief Minister N Chandrababu Naidu attended a business seminar and claimed that as far as infrastructural development was concerned, Andhra Pradesh is way ahead of the other states of India. He added that the state also boasts of an atmosphere that is extremely investor friendly.
The state has indeed made it easier for the interested people to conduct business with its amazing business policies and awesome provisions for the investors. A number of automobile giants including Hero, Isuzu, Kia Motors and Bharat Benz have already set foot in Andhra Pradesh.
While addressing the seminar, the CM claimed that if the investors had still any lingering doubts in their mind about the efficiency of the system, they should go ahead and have a heart to heart talk with Kia Motors. He encouraged the entrepreneurs and enterprises to come up with a business idea and invest in AP.
The Mayor of Busan, Suh Byungsoo said that it is quite possible for Busan and AP to strike a sisterly relationship. He stated that till date their main focus was on establishing economic relations with countries like US, Japan and China. However, now they are looking forward to create a similar bond with other nations too.
Kim Young Man, the Vice Mayor of Busan and CBN had discussions about establishing a proper cooperation between Korea’s Pukyong National University and Andhra Pradesh’s various fisheries universities.
During his visit to Busan, the AP CM paid a visit to the new port of Busan which can handle about 13.2 million TEU shipping containers every year. The other places that were visited by the CM and his team included New Indian Culture Centre – Make in India Centre in Busan, Busan-Jinhae Free Economic Zone (BJFEZ) as well as Nok-San National Industrial Complex.
The team that accompanied Mr. Naidu included Yanamala Ramakrishnudu, the State Finance Minister, Amarnath Reddy, Industries Minister, Parakala Prabhakar, Government Advisor (Communications), G. Saiprasad, Principal Secretary of CMO, Solmon Arokia Raj, Industries Secretary, Babu A, MD of APIIC and Jasti Krishna Kishore, CEO of AP EDB.