Seoul, South Korea Aug.12 (NSS): Chief Minister Revanth Reddy has urged the South Korean textiles companies to come forward to invest in Telangana, especially at the Warangal Textile Park.
Speaking at a roundtable meeting organised by KOFOTI (Korea Federation of Textile Industry) here, the Chief Minister said that the Mega Textile Park in Warangal was as an ideal destination for further investments from Korean textiles companies and urged the Korean companies to avail the facilities being provided by the State government for the investments in Telangana.
“I expect more investments for Warangal and rest of Telangana in the textile sector will come in the coming days,” Revanth Reddy said.
He further stated that Minister D Sridhar Babu and officials will put together a task force to follow up on all the opportunities for quick closures and action on the ground.
In the meeting, Kihak Sung, Chairman of Youngone, Soyoung Joo, Executive Vice-Chairman of KOFOTI and other top leaders of 25 major textile companies responded positively and showed an enthusiasm to explore business opportunities in Telangana.
Earlier, the Chief Minister had wide ranging conversations with one of Korea’s biggest industrial conglomerates – the LS Corp, which is formerly a part of the LG group.
The Chief Minister had started his Korean tour on a positive note after concluding his official visit of the USA. During his visit to the USA, he has over 50 business meetings, 3 roundtables and several field visits and entered into 19 MOUs, totalling an investment of Rs. 31,500 crore and 30,750 new jobs for the Telangana State.
