With attractive global investment opportunities, Andhra Pradesh soon to set up ‘South Korean City’

Amravati, November 10: Andhra Pradesh is likely to embrace a ‘South Korean City’ as Chief Minister Chandrababu Naidu has invited industrialists from South Korea to set up industries in the state. Chief Minister Naidu met with a delegation of industrialists, representing associations of 3000 Industries from South Korea, on Thursday and exchanged thoughts on setting up a Korean city in Andhra Pradesh. 

CM Naidu assured full co-operation and encouragement if they make Andhra Pradesh their second capital and set up their ventures on a massive scale. He added that a ‘South Korean City’, similar to Busan in South Korea, can be developed in the state. The CM also said that the governments can sign MoUs if the industries come forward with comprehensive designs and proposals.

 

Further CM Chandrababu Naidu said that, “We share similarities in size and population and are blessed with a vast coastline. We are rich in natural resources and I am very interested in collaborating with South Korea. Even if all the 3000 companies come here, you have immense opportunities for all.”

CM Naidu also offered attractive incentives such as land, water, and uninterrupted electricity to the Koreans. A statement released by the CMO stated that the South Korean delegation proposed to bring in at least 30 companies in the sectors of electric steel, logistics, automobile components, liquors, medical, marine equipment and more to Andhra Pradesh.