Bengaluru: Home, IT & e-Governance Minister Priyank Kharge on Saturday met a high-level business delegation from the Republic of Korea to explore opportunities for investments and technology partnerships.According to…

Bengaluru: Home, IT & e-Governance Minister Priyank Kharge on Saturday met a high-level business delegation from the Republic of Korea to explore opportunities for investments and technology partnerships.According to a statement from the minister’s office, the Korean delegation highlighted the growing interest among Korean investors in overseas markets, particularly India, as the mature Korean market presents fewer avenues for new investment.After Taiwan, South Korea overtakes India as world’s sixth-largest stock marketThe delegation noted that while Indian businesses and the country’s growth potential are increasingly attracting attention, Korean investors would benefit from stronger institutional linkages and greater awareness of potential partners and opportunities in India.During the meeting, Priyank brought up the growing cultural connect between Korea and India, referring to the popularity of K-pop, K-dramas, Korean cosmetics and other Korean products in India.“Karnataka is open for business, and our proposition to global investors goes beyond technology. We have the talent, innovation ecosystem, research capabilities and market access platforms to support companies across sectors,” Priyank said. “For Korean companies and investors, we want to build practical pathways into the Indian market through partnerships, market access, co-investment opportunities, Centres of Excellence and the Global Innovation Alliance. We would like to move from broad interest to a focused set of opportunities that can be taken forward and delivered on the ground,” Priyank said. Priyank urged the Korean delegation to share a broader “wish list” of areas, following which Karnataka could identify a smaller number of priority opportunities to begin with and take forward for implementation.The delegation highlighted the experience of Korean companies already operating in India and expressed interest in building greater awareness among Korean investors about opportunities in the country. GOPIZZA, which entered India in 2019 and has expanded its presence in the country, was cited as an example.The delegation also discussed the possibility of developing stronger Korea–Karnataka sub-national linkages, including mapping Korean provinces and their technology and skills strengths with Karnataka’s districts, the statement said. Priyank invited the delegation to participate in Karnataka’s innovation and technology ecosystem across AI, semiconductors, robotics, life sciences and so on.

Source: Deccan Herald