Mahindra World City hosts Korean investment delegation
A high level government and business delegation from South Korea visited the Mahindra World Cities in Chennai and Jaipur in June 2016.
The delegation, comprising 11 Korean companies and 3 government agencies, was on a week-long tour of India to explore investment and partnership opportunities in the country. This initiative was supported by KoreaÃ¢â‚¬â„¢s Ministry of Trade, Industry and Energy (MOTIE), the Confederation of Indian Industry (CII) and the Indian Chamber of Commerce in Korea (ICCK).
At both MWC Chennai and MWC Jaipur, members of the delegation met and interacted with various onsite companies to better understand their experiences in setting up operations at Mahindra World City and the various advantages therein.
Welcoming the delegation, Sangeeta Prasad, said, Ã¢â‚¬Å“We are honored to host our guests from Korea at the Mahindra World Cities and look forward to developing deeper partnerships with Korean industry.Ã¢â‚¬Â The delegation was highly appreciative of our vision for sustainable urban development, the world class infrastructure solutions on offer and the presence of reputed global and Indian brands who have chosen to call MWC home.
There was a strong consensus on the potential for synergies with Indian companies, in turn leading to a conducive investment environment. The delegation also met representatives of 45 companies in the automotive and engineering sectors during special B2B meetings organized by CII and ICCK. Mr. Dong Hoon Lee from the Management Team - Business Strategy commented, Ã¢â‚¬Å“This is our 1st visit to India and Tamil Nadu. We are happy to see a planned city like MWC, and this will be a great investment opportunity for companies from Korea.Ã¢â‚¬Å“
Secretary General, ICCK, Mr. Sock Joong Yoon, also expressed appreciation for our ability to create incremental value when saying, Ã¢â‚¬Å“MWC JaipurÃ¢â‚¬â„¢s vision for inclusive growth encompassing local communities, the economy and the environment makes it an ideal business destination for any organisation seeking to consolidate its position in both Indian and global markets.Ã¢â‚¬Â