Karunanidhi woos South Korean investment
Chennai, Feb 2 (UNI) Tamil Nadu Chief Minister M Karunanidhi today wooed South Korean industrialists by assuring them cooperation and support for investing in the State.
Inaugurating automobile major Hyundai's second plant at Sriperumbudur, near here, he said South Korea had the best coal-powered electricity generation technology at reasonable cost.
South Koreans were also strong in oil and gas pipelines and fibre optic cables, besides construction of harbour, airport and port management.
''We will be happy if you can share your vast experience in Tamil Nadu with others and encourage them to invest here...Your repeated investments in Tamil Nadu have proved how happy you are,'' he added.
Mr Karunanidhi pointed out that Tamil Nadu had emerged as a major hub for automobiles, electronics, hardware and software.
''This is largely because of the ecosytem which we have been able to create for these industries,'' he added.
The
Chief
Minister
said
his
Government
had
signed
MoUs
with
12
globally
known
companies
in
the
last
20
months.
''This
would
provide
investment
to
the
tune
of
Rs
15,000
crore
and
provide
employment
to
1,30,000
people.''
Stating
that
investments
were
pouring
into
the
State
because
of
various
advantages
like
transparent
governance
and
quick
decision
making,
he
said
''we
are
also
making
special
efforts
to
encourage
setting
up
of
industries
beyond
Chennai,
Thiruvallur
and
Kancheepuram
districts.
I
am
confident
that
with
these
measures,
the
State
will
continue
to
lead
in
terms
of
industrial
development.''
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