CM urges Korean firms to invest in Punjab

Chief Minister Bhagwant Singh Mann on Monday extended invitation to leading Korean firms, including Daewoo E&C, GS Engineering & Construction (GS E&C), Nongshim, Korea Defense Industry Association (KDIA), Seoul Business Agency (SBA), to invest in Punjab.

During a meeting with Chairman of Daewoo E&C Jung Won Joo during his visit to South Korea, the CM batted for cooperation in the field of renewable energy, including wind farms, solar plants and hydrogen production facilities. He highlighted Punjab’s strong industrial momentum, infrastructure initiatives, and the unique unified regulator framework under Invest Punjab. He asked the Global Business Group to explore opportunities in large-scale infrastructure development, adoption of modern construction technologies and upcoming industrial townships in the state.

At a meeting with Director (Startup Division) of the Seoul Business Agency (SBA) Jong Woo Kim, Mann said there was a large scope for collaboration in start-up incubation and acceleration programmes offered by the agency.

The CM also visited Pangyo Techno Valley, widely known as the “Silicon Valley of Korea”, to study one of Asia’s most advanced innovation ecosystems.