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The Hindu
The Hindu
National
The Hindu Bureau

Korea Consul-General hopes to increase investment in Sri City

Sri City the Republic of Korea India

Chang-nyun Kim, Consul-General of the Republic of Korea in Chennai, expressed hope that the quantum of investment by Korean companies in Sri City industrial zone will witness a rise.

During his visit to Sri City here on Wednesday along with Minhyeong Lee, director of Korea Trade-Investment Promotion Agency (KOTRA), a Chennai-based nonprofit working under the ambit of the embassy, he opined that the business-friendly climate in Sri City would appeal to several Korean companies.

Sri City founder-managing director Ravindra Sannareddy called the Republic of Korea as the 13th largest FDI contributor to India, with investments totalling approximately to $5.4 billion, and also pointed out that Sri City had already hosted three Korean companies.

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