South Korean Business Delegation visits Telangana; discusses collaboration in textile trade

New Delhi, Aug 18 (KNN) Eyeing at collaboration in different sectors of Indian industry, a business delegation from South Korea visited Indian state of Telangana recently.

The business delegation from South Korea was headed by Kihak Sung of the Korea Federation of Textile Industries. The prime focus of the visit is to explore the potential of collaboration between industries in Telangana and the South Korea, especially the textile sector.

The delegation met Telangana IT Minister K T Rama Rao and discussed the possibilities of investment in the upcoming textile park in the Warangal region of the state.

The Minister made a presentation highlighting the different facilities that are being offered in the 200 acre park. He also mentioned that the state government is keen in providing incentives and subsidies for the foreign investors willing to invest in the park.

With regard to connectivity, The Minister also assured that the Warangal airstrip will be made operation soon to ensure smooth transportation of goods and services along the route. (KNN/ DA)