Korean cos keen to set up hub in Haryana

A delegation of Korean companies on Wednesday meet the Haryana Chief Minister Bhupinder Singh Hooda and evinced interest to set up a hub at Gurgoan in the state.

CHANDIGARH: A delegation of Korean companies on Wednesday meet the Haryana Chief Minister Bhupinder Singh Hooda and evinced interest to set up a hub at Gurgoan in the state.

In 2005, the chief Ministewr had been to Korea and had invited Korean entrepreneurs to invest in the state, with the assurance that his government would provide all necessary assistance.

Today, while reassuring the delegation of every cooperation, Hooda urged the entrepreneurs to form business partnerships with the state by setting up manufacturing park, business park, or technology park, an official spokesperson said.

The Chief Minister also directed the state Financial Commissioner Industries P K Chaudhary to look into the issue of setting the hub, the spokesperson added.

He said so far, 36 technical and financial collaborations have taken place with Korean companies bringing in an investment of Rs 280 crore.

On their part, the Korean delegation said they would come up with proposals for making investments in the state, for which the hub would act as a gateway.
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The proposed Korean Hub would have headquarters of Korean companies under one roof.

The members of the Korean delegation, which called on Hooda included Tae Hwan Lim, Chief Representative, Daelim Industrial Co Ltd, Jae Jin Lee, Director, Finance, Doosan Engineering and Services India Pvt Ltd, Chong-Min Lim, GS Engineering and Construction India Pvt Ltd and Yong Soo Shin, Senior General Manager, Hyundai Motor India.
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