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Korea to promote economic cooperation with Odisha in multiple sectors



A Korean delegation comprising representatives of the Embassy of the Republic of Korea, Korea Trade-Investment Promotion Agency (KOTRA), Korea SMEs and Startups Agency (KOSME), Korea Institute for International Economy Policy (KIEP), KOSMA- Korean Small & Medium Enterprises Association in India, K-SURE- Korea Trade Insurance Corp., and Invest India Korea Plus visited Bhubaneswar and interacted with the officials of the Industry department of the Odisha Government, here on Thursday to foster mutual economic cooperation between the state of Odisha and Korea.

KOTRA in collaboration with the Embassy of the Republic of Korea, and IPICOL as industry partners, hosted the 2023 Korea-India CSR-Economic Cooperation Seminar in Bhubaneswar.

Odisha’s Social Security and Empowerment of Persons with Disabilities (SSEPD) Department Principal Secretary Bishnupada Sethi, IDCO & IPICOL (Industrial Promotion and Investment Corporation of Odisha Limited) Managing Director Bhupendra Singh Poonia, Industries Director Md Sadique Alam, IDCS & Social Welfare Director Ligaraj Panda, along with other state government officials were present during the event.

It was a significant milestone as it commemorated the Golden Jubilee, marking 50 years of the bilateral relationship between India and Korea.

The Embassy of the Republic of Korea, along with Team Korea members, plans to share the attractive features of Odisha with Korean companies in India and Korea.

“I am confident that all the industries that the Odisha government is focusing on, including IT, renewables, decarbonization, electric vehicles, aviation, and etc. will flourish.” said Sungjoong CHO, Commercial Counsellor at the Korean Embassy, in New Delhi.

“We look forward to witnessing Odisha become the most developed and dynamic state of India. My delegation will actively promote what we see, hear and feel during our three-day visit.” he added.

In a corporate social responsibility initiative, Team Korea’s partners donated various Korean products, including small blankets, socks and toothbrushes for kids.

Atomy India, the Indian subsidiary of a Korean company also donated its product for the underprivileged community in Odisha on this occasion.

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