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Punjab Deputy Chief Minister Sukhbir Badal to Visit South Korea Tomorrow

June 17th, 2016

CHANDIGARH:  Punjab Deputy Chief Minister Sukhbir Singh Badal would lead a high-level delegation to South Korea tomorrow to attract investment in the state.

During his five-day visit to South Korea, the Deputy Chief Minister, accompanied by a delegation of top state officers, would showcase Punjab "as the most suitable investment destination for investment," an official spokesman said today.

Mr Badal will also present the strides achieved by the state vis-a-vis ease of doing business and also the new innovative fiscal incentives available for new investors, he said.

As a part of his itinerary, the Deputy Chief Minister is scheduled to have hectic parleys with business giants especially from the field of electronics, dairy, skill training, infrastructure development, transport, smart cities and environment.

Mr Badal would also meet key business organisations of South Korea like Samsung electronics to call upon them for investment in Punjab, he said.

During a meeting with a Korean delegation in the presence of Chief Minister Parkash Singh Badal and Deputy CM in Chandigarh last week, Vice President Samsung Electronics Kyoung Soo Kim had displayed keen interest in biometric technology and offered to explore smart city and biometrics project collaboration in the state, the spokesman said.

On August 31, Deputy CM would visit Maeil Dairies factory and Integrated Operation Center at Songdo Smart City.

He would attend business seminars and meetings with industry giants besides visiting Samsung the next day.

The Deputy CM said there was tremendous potential of business tie-ups between Korea and Punjab, adding that the focus of his visit would be to ensure that more and more investment was firmed up for the state.

He said that hard work and resilience were the basic qualities, which both the Punjabis and Koreans have in common.

"I firmly believe that Koreans and Punjabis have many things in common and they will certainly feel like home whenever they come to Punjab," he added.