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Korean trade agency to set up office in Kolkata

 MPost |  2016-07-23 00:10:57.0  |  New Delhi

Korean trade agency to set up office in Kolkata

This is the first office of KOTRA, which is an organisation of South Korean government to look into the promotion of trade, in eastern India and it will open a door for more investment in the state.

Amit Mitra, the state Finance Minister, said at Nabanna on Friday that Dong Seok Choi, Chief Director General of KOTRA on Friday held a meeting with senior officials of the West Bengal Industrial Development Corporation (WBIDC). “He has shown interest in setting up their office in Kolkata. The organisation has their offices in Delhi, Bangalore and Chennai. It is a matter of pride for the state as the organisation has chosen the city to set up their office which is the first and only one in eastern India,” he said.

KOTRA has its offices in 85 countries across the globe and it basically look after the promotion and investment for South Korea to ensure export-led economic development of the country. “Thus, setting up of an office of KOTRA in the city means expectation for more investment in the state,” he said.

The state government has assured all support to KOTRA in setting up of their office in Kolkata. The setting up of the office in the city will turn the place to be a centre for the neighbouring states to attract Korean investment. Besides West Bengal it will also boost the economy of the entire eastern region.

It may be mentioned that several steps were taken to ensure economic viability of West Bengal in the past five years after Trinamool Congress government came to power. 

Bengal Global Business Summit was organised in the past two consecutive years where entrepreneurs from different parts of the world had visited and the state government had highlighted the development that took place in the state in the past five years. 

Setting up of the Biswa Bangla Convention Centre in Rajarhat will take the state another step ahead in attracting more investment, according to experts.

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