(MENAFN- KNN India)
New Delhi, Jul 5 (KNN)
In a significant move to bolster international partnerships and drive economic growth, Karnataka's Minister for Large and Medium Industries and Infrastructure Development, MB Patil, recently concluded a series of productive meetings with key South Korean government officials and business leaders.
The high-level discussions, which took place in South Korea, involved talks with Vice Governor Hyun Gon Kim of Gyeonggi Province and Lee Hae Woo, Deputy Mayor for Economic Policy of Seoul Metropolitan Government.
These meetings aimed to enhance economic relations between Karnataka and South Korea, exploring potential collaborations in various sectors.
Vice Governor Kim expressed keen interest in expanding cooperation, particularly in electronics, startups, R&D, biotech, and medtech. The talks highlighted similarities between Bengaluru and Pangyo Techno Valley, discussing potential collaborations for the upcoming KHIR city near Bengaluru.
In a gesture of goodwill, Kim invited Karnataka's government and companies to participate in the Gyeonggi Startup Summit in September 2024 and the Korean Industry Expo (KoINDEX) in New Delhi in November 2024.
The meeting with Seoul's Deputy Mayor Lee Hae Woo focused on mutual business interests in finance, investment, startups, and R&D.
Recognising existing collaborations between Seoul and Indian startups, including companies like Krafton with offices in Bengaluru, Karnataka extended an invitation to Korean startups to participate in the Global Startup Challenge - VentuRISE, scheduled ahead of the Global Investors Meet (GIM) 2025.
In a separate meeting, the delegation engaged with senior executives from KEB Hana Bank, discussing the bank's presence in India and expansion plans, including opening a branch in Bangalore.
Minister Patil highlighted Bangalore's status as a global city and leader in multiple sectors, emphasising the mutual benefits for both the bank and Korean companies expanding in Karnataka.
The Karnataka government's proactive approach in fostering international partnerships underscores its commitment to maintaining the state's position as a premier investment destination in India.
(KNN Bureau)
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