Sunday, May 9, 2021
Home News Reports Korean Industrialists seeking an exit from China, interested to invest in Uttar Pradesh: Reports

Korean Industrialists seeking an exit from China, interested to invest in Uttar Pradesh: Reports

KCCI is the oldest and largest business organisation in Korea and is a national member of the International Chamber of Commerce (ICC) and the World Chambers Federation (WCF).

Korea Chamber of Commerce and Industry (KCCI) chairman Yongmaan Park, seeking to move investments out of China, has reportedly shown interest to invest in Uttar Pradesh, stated State MSME and Export promotion Minister Sidharth Nath Singh, amidst the Wuhan Coronavirus pandemic.

As per a report in Business Standard, Park added that other industrialists and electronic makers from Korea were also interested in exploring investment opportunities in the State. It is important to mention that KCCI is the oldest and largest business organisation in Korea and is a national member of the International Chamber of Commerce (ICC) and the World Chambers Federation (WCF).

Assurance by Uttar Pradesh Government

Over a video conference held between the Parks and Singh, the latter assured that the Uttar Pradesh Government would provide the required assistance to help set up their factories in the State. The Government has planned to build a logistics park in UP and has promised to resolve the issues faced by the existing industrialists in the State.

The MSME Minister further conceded that the migrant crisis that arose amidst the Coronavirus lockdown was a major challenge in resuming economic activities. Moreover, state polices are also being reviewed to ease the financial stress faced by industries at the time of the pandemic.

Yogi Adityanath woos US Companies

On Wednesday, Yogi Adityanath held a high-level meeting in the presence of MSME Minister Sidharth Nath Singh and Industrial Development Minister Satish Mahana.

After the meeting, Singh was quoted by news agency ANI as saying: “Companies including big names from logistics, scientific instrumentation, electronic, automobile industries. They already have investments in China. I’m hopeful we’ll be able to bring them to UP, given how we’re working by making changes in our industrial and sectoral policy. 

He said that the Prime Minister and UP Chief Minister Yogi Adityanath want to use the opportunity where industries are moving out of China and see how they can be brought to India. He confirmed that video-conferencing was held with over 100 American companies yesterday in a webinar and they have shown interest.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Netizens call out actor Sonu Sood’s claims of arranging for plasma, bed for COVID patients

After multiple media reports and social media posts on how Sonu Sood was helping out migrants go back home last year amid the nationwide lockdown, Sood had written an autobiography, 'I am no no messiah'.

Here is how The Lancet used dubious sources to blame Modi Govt for the Covid crisis

Following the abrogation of Article 370, The Lancet had issued a strong condemnation of the Indian Government.

Indian diaspora protests against West Bengal post-poll violence in UK, Canada, Australia and United States

"The State machinery is failing the people of West Bengal as the Hindus are subjected to killings, rapes, and exodus from their homeland," a protestor said.

Prashant Kishor to fire 85 percent of his IPAC staff after Bengal election victory, may start a political career in Bihar: Report

Only the core 100-150 people will be retained to carry out political strategising work that Prashant Kishor ked IPAC does.

Himanta Biswa Sarma elected as next Chief Minister of Assam after BJP legislative party meeting

Himanta Biswa Sarma was proposed as the next Chief Minister by outgoing CM Sarbandana Sonowal in the legislative party meeting

China’s ‘out-of-control’ rocket debris disintegrates over the Indian Ocean, lands near the Maldives

Notably, the rocket which is uncontrollably falling back to Earth is the same space module whose launch was gloated upon by a Chinese Communist Party body to mock India's handling of the coronavirus outbreak.

Recently Popular

Meet AAP’s ‘Delhi ke Nirmata’: Who is Navneet Kalra, the businessman on the run after oxygen hoarding scandal was busted

Oxygen Concentrators have been found at Khan Chacha, Nege & Ju bar and Town Hall restaurants in Delhi, all owned by Navneet Kalra

Arvind Kejriwal govt expels 7 journalists from Whatsapp group after report critical of govt handling of oxygen crisis, senior journalists keep mum

The Arvind Kejriwal government has been the darling of the media for a long time but it seems to want absolute devotion

Comedian Sanket Bhosale who had featured in ad mocking Rahul Gandhi booked for violating Covid-19 norms in Punjab

A week after the vandalism by the Congress workers in Mumbai, the Congress-led Punjab government has now booked comedian Sanket Bhosale, the actor featured in the advertisement, on the pretext of violating Covid-19 regulations during his wedding.

Chinese research paper, published 6 years ago by Chinese military backed authors, discussed weaponising Coronavirus: Reports

A 2015 research paper by Chinese scientists reveals nefarious plans to weaponise the SARS Coronavirus against the world.

‘Dominance of one religious group cannot prevent religious celebrations of other’, says Madras HC after local Muslims object to Hindu procession

The Madras High court concluded that similar acts of 'resistance' by other religious groups would result in loss of lives, destruction of properties, riots, religious fights and chaos.

Subramaniam Swamy calls S Jaishankar a ‘waiter’ and says he tested positive for COVID: Netizens fume, EAM clarifies

Subramanian Swamy stoked controversy after he targeted Dr S Jaishankar by referring to him as a 'waiter' and claiming he was COVID positive
- Advertisement -

 

Connect with us

254,881FansLike
540,300FollowersFollow
24,300SubscribersSubscribe