Short Takes

State Focus/Andhra Pradesh, 2018/2017, India Investment Journal November Edition
Amaravati to have South Korean influence

A “South Korea City” is expected to come up in Andhra Pradesh’s new capital, Amaravati, or elsewhere in the state as Chief Minister N. Chandrababu Naidu invited industrialists from the country to set up their ventures in the state.

Naidu told a delegation of South Korean industrialists: “We will extend full cooperation and encouragement from the government if you make Andhra Pradesh your second capital and set up industries in a big way. We will develop a South Korean City, on the lines of Busan in your country.

“We will sign MoUs if you come up with comprehensive proposals and designs.”

He tried to woo other industrialists from the country by presenting South Korean automobile giant Kia Motors, which is setting up its car manufacturing unit in Anantapuramu district, as the mascot.

“We share similarities in size and population and we are both blessed with a vast coastline. We are rich in natural resources and I am very interested to collaborate with South Korea,” he said.

Naidu offered land, water, uninterrupted electricity and other incentives for the Koreans in his bid to woo them to the state.