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The state today offered a plug and play industrial park adjoining the international airport, Mohali, exclusively to prospective South Korean investors for setting up their ventures in the state. Announcing this here today during a high-level interaction with a South Korean delegation which was presided over by Punjab Chief Minister Parkash Singh Badal, Deputy Chief Minister Sukhbir Singh Badal also offered South Korean investors fixed power rates for a 10-year period. He also assured that Punjab would provide the cheapest power among all states in the country to new investors for which a policy was being framed up. Electronic giant Samsung is learnt to have evinced interest in investing in the state after which the Deputy Chief Minister asked Principal Secretary, Industries, Anirudh Tewari to take the proposal forward. Batting for strong strategic ties between South Korea and Punjab, the Chief Minister sought the cooperation of South Korea in the fields of education and skill training besides other varied fields of trade, commerce and information and technology. Terming Punjab as the most attractive investment destination, the CM said the state desired to focus investment in manufacturing, infrastructure, automobile, IT and consumer electronics sectors. In his address, the Ambassador of South Korea, Joon Gyu Lee, said Korea was keen to forge business ties, joint ventures, partnerships, mergers and develop inter-trade mechanisms such as appointing dealerships and distributor channels with industrialists from northern India, especially Chandigarh and the Punjab region. Vice-President, Samsung Electronics, Kyoung Soo Kim evinced keen interest to invest in biometric technology and offered to explore electronic production unit in the state.
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