A Memorandum of Understanding (MoU) was marked between the Industries and Mines Department under the Gujarat government and Korea Trade-Investment Promotion Agency (KOTRA) on Tuesday in Delhi.
The need segments in center under this marked MoU were Chemical, Petrochemical and Pharmaceuticals; New and Renewable Energy; Start-up Ecosystem; Textiles and Apparels; Urban Infrastructure; Food Processing and Agro related ventures; Skill Training and Development; Automobile, and so on.
KOTRA is the national exchange and venture advancement association worked by the Government of the Republic of Korea.
The MoU was marked by Principal Secretary Industries and Mines MK Das in the interest of the Government of Gujarat and Dr. Kwon, Pyung-gracious for the benefit of KOTRA.
The MoU was marked with a plan to perceive a shared want to additionally improve and fortify Korea – Gujarat exchange and mechanical speculation relations and to empower continuous discourse and collaboration.
The two Industries Department of Gujarat and KOTRA will help each other to give in-showcase support to their separate mission delegates for movement abroad.
KOTRA will likewise participate in Vibrant Gujarat Global Summit 2019 to be held from January 18 to 20 one year from now.
Gujarat which is a main goal for remote speculation and two-sided exchange is a key supporter of this relationship. Unexpectedly, Gujarat’s fare to South Korea was around $1 Billion of every 2017-18, which was roughly 25% of India’s aggregate fare to the country. In later past, South Korean organizations in the field of materials and synthetics producing have additionally communicated enthusiasm for putting resources into Gujarat.
On a related note, KOTRA will open an office in Ahmadabad to encourage exchange and financial participation particularly amongst Gujarat and South Korea.