Invest UP, IIDC meet to boost Korean investments in UP
ECONOMY & POLICY

Invest UP, IIDC meet to boost Korean investments in UP

A meeting was held at the Invest UP office, which is situated in PICUP Bhavan, Lucknow. Present at the meeting were representatives from Herald Media Group, South Korea, and DAEWOO E&C, along with key officials from the Infrastructure & Industrial Development Commissioner (IIDC) office and Invest UP.

The primary objective of the meeting was to enhance bilateral relations and explore investment opportunities in Uttar Pradesh. Herald Media Group, a well-known South Korean conglomerate established in 1953, has been actively involved in media, education, and lifestyle sectors. The Korean delegation consisted of Hong Kil-Yong, who serves as the Director of Strategy & Business Dept at Herald Media Group, Young-Min RYU, Senior Vice President of DAEWOO GLOBAL Business Group, and Dr. Sanjay Kumar, a journalist from The Korea Herald.

The agenda of the meeting revolved around extending warm greetings to the esteemed officials of IIDC and Invest UP and discussing the various investment and business prospects available in Uttar Pradesh for Korean enterprises.

During the meeting, Manoj Kumar Singh, the Infrastructure & Industrial Development Commissioner of GoUP, expressed his pleasure at the visit of the Korean delegation. He emphasised Uttar Pradesh's dedication to creating a favourable environment for foreign investment. He highlighted the state's robust infrastructure, skilled workforce, and investor-friendly policies, inviting Korean companies to consider partnerships and investments across sectors such as Infrastructure, Power, Real Estate, Media, Food Processing, and Tourism.

Abhishek Prakash, the CEO of Invest UP, reiterated the state government's commitment to facilitating investments and business collaborations. He presented the state as a preferred investment destination in India with potential for mutual growth and prosperity. He outlined the strategic advantages of Uttar Pradesh, including its favourable location, business-friendly ecosystem, and proactive governance. The delegation also emphasized Uttar Pradesh's significant potential for industrial development and identified UP as a crucial investment destination for Korea.

Furthermore, the Korean delegation expressed a strong interest in establishing a Korea-India Economic Forum between the Korean International Trade Association (KITA) and India, with a special focus on Uttar Pradesh. This forum aims to explore new business ventures in India, particularly in Uttar Pradesh.

The delegation showed keen interest in utilising Uttar Pradesh's vast market potential and skilled workforce to expand their operations and contribute to the state's economic growth. As the meeting concluded positively, the delegates expressed their gratitude for the warm reception and hospitality. They affirmed their commitment to further exploring investment opportunities in Uttar Pradesh and strengthening bilateral ties between South Korea and India.

The successful discussions at the Invest UP office represent a significant step towards fostering closer economic cooperation between South Korea and Uttar Pradesh, ushering in a new era of partnership and prosperity.

A meeting was held at the Invest UP office, which is situated in PICUP Bhavan, Lucknow. Present at the meeting were representatives from Herald Media Group, South Korea, and DAEWOO E&C, along with key officials from the Infrastructure & Industrial Development Commissioner (IIDC) office and Invest UP. The primary objective of the meeting was to enhance bilateral relations and explore investment opportunities in Uttar Pradesh. Herald Media Group, a well-known South Korean conglomerate established in 1953, has been actively involved in media, education, and lifestyle sectors. The Korean delegation consisted of Hong Kil-Yong, who serves as the Director of Strategy & Business Dept at Herald Media Group, Young-Min RYU, Senior Vice President of DAEWOO GLOBAL Business Group, and Dr. Sanjay Kumar, a journalist from The Korea Herald. The agenda of the meeting revolved around extending warm greetings to the esteemed officials of IIDC and Invest UP and discussing the various investment and business prospects available in Uttar Pradesh for Korean enterprises. During the meeting, Manoj Kumar Singh, the Infrastructure & Industrial Development Commissioner of GoUP, expressed his pleasure at the visit of the Korean delegation. He emphasised Uttar Pradesh's dedication to creating a favourable environment for foreign investment. He highlighted the state's robust infrastructure, skilled workforce, and investor-friendly policies, inviting Korean companies to consider partnerships and investments across sectors such as Infrastructure, Power, Real Estate, Media, Food Processing, and Tourism. Abhishek Prakash, the CEO of Invest UP, reiterated the state government's commitment to facilitating investments and business collaborations. He presented the state as a preferred investment destination in India with potential for mutual growth and prosperity. He outlined the strategic advantages of Uttar Pradesh, including its favourable location, business-friendly ecosystem, and proactive governance. The delegation also emphasized Uttar Pradesh's significant potential for industrial development and identified UP as a crucial investment destination for Korea. Furthermore, the Korean delegation expressed a strong interest in establishing a Korea-India Economic Forum between the Korean International Trade Association (KITA) and India, with a special focus on Uttar Pradesh. This forum aims to explore new business ventures in India, particularly in Uttar Pradesh. The delegation showed keen interest in utilising Uttar Pradesh's vast market potential and skilled workforce to expand their operations and contribute to the state's economic growth. As the meeting concluded positively, the delegates expressed their gratitude for the warm reception and hospitality. They affirmed their commitment to further exploring investment opportunities in Uttar Pradesh and strengthening bilateral ties between South Korea and India. The successful discussions at the Invest UP office represent a significant step towards fostering closer economic cooperation between South Korea and Uttar Pradesh, ushering in a new era of partnership and prosperity.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?