Sri City, February 3, 2021 – Mr. Young-Seup Kwon, Consul General of Republic of Korea in Chennai visited Sri City. Mr. Ravindra Sannareddy, Founder Managing Director, Sri City extended a warm welcome. The Consul General’s entourage included officials of the Chennai based Korea Trade-Investment Promotion Agency (KOTRA), a non-profit organisation working within the aegis of Embassy of the Republic of Korea. Mr. Ramesh Subramaniam, President, Sri City Foundation and briefed him on the infrastructure, unique features and the brisk pace of development in Sri City.
Enthralled with the world-class infrastructure and business friendly ambiance, Mr. Young-Seup Kwon expressed happiness over the presence of two Korean companies in Sri City. He mentioned that he would introduce Sri City’s business potential to the Korean companies interested in investing in India and suggest business delegations to visit Sri City. In view of the several advantages, such as strategic location, 24×7 power and water supply, availability of required skilled and unskilled manpower in the area, etc., the Consul General said some of the companies would prefer Sri City for their investment in India.
Commenting on the visit, Mr. Ravindra Sannareddy, Founder Managing Director, Sri City said,”We feel honoured for the attention paid by Mr. Young-Seup Kwon in knowing more about Sri City. We are confident that his observations, which are very encouraging, would pave way for more business investments from South Korea.”
“The favourable business environment, coupled with world class infrastructure, talent pool and government support will certainly impress Korean investors to prefer Sri City as business destination in India,” he added.
The purpose of the visit was to witness the existing infrastructure at the mega industrial park and assess its business potential. During the interaction, Mr. Young-Seup Kwon evinced keen interest and inquired on different aspects of Sri City. Following the briefing session, the Consul General visited the production units of MCNS Polyurethanes India and Hyundai Engineering Plastics (HDC), and had a close glimpse of the production facilities and witnessed the works in progress.