Korean delegation meets CM, shows interest to invest in AP.

Representatives of leading South Korean steel manufacturer Posco called on chief minister YS Jagan Mohan Reddy at his Tadepalli camp office recently and expressed their willingness to invest in the state.

The chief minister said the industrial policy of the state is transparent and encourages investors for industrial development. The natural resources in the state will help industries and also help in industrial development in the state, he added.

Jagan also explained to them the new industrial policy of the government where all permissions are routed through a single window. He also explained in detail the range of subsidies provided and assistance extended by the government to new industries coming to the state. He welcomed the South Korean steel major to invest in AP and offered round-the-clock support to the company by industries department.

Posco India chairman and managing director Sung-Lae Chun, chief financing officer Goo Young An, senior general manager Jung Le Park and other officers were part of the delegation.

TOI