Chandigarh: Haryana Chief Minister Bhupinder Singh Hooda on Wednesday invited Korean companies to invest in the state.

While calling upon the Korean companies to invest in Haryana, Hooda said the state offers many opportunities and is taking all possible steps to upgrade its physical infrastructure.

"We want Korean companies to help us realise this objective and take benefit from the opportunities available in Haryana", he added.

He said that the economic prudence and long-term strategic planning, effective implementation regime have given impetus to a steady expansion of trade and investment opportunities in Haryana.

The Chief Minister was addressing a two-day International Conference 'India-Korea Relations: Past and Present', which began on Wednesday.

Hooda said Korean companies have considerable presence in the state through 36 technical and financial collaborations catalysing an investment of about Rs 280 crore.

A number of products such as cotton yarn fabrics, auto parts, and electrical goods are being exported to South Korea by industrial units of Haryana.

Speaking on the occasion, Ambassador of the Republic of Korea Kim Joong- Keun said most of the Korean companies are rooted in Haryana.

The Korean Government wanted to adopt a village, "When I asked which state should be selected, I was told to look for in Haryana as it was the best option," he added.

Kim Joong- Keun said, "Economically strong India commanded the respect of the region as also the world at large".

He said that Korean investment in India stood at around three billion US dollars and the Indian companies have also invested around one billion US dollars in South Korea.

He added that Korean companies were keen to bring more investment in India and they have identified civil nuclear power, ship building and defence industry as the new sectors for future investments.


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