India's Uttar Pradesh state offers Korean companies investment opportunities in semiconductors and electronics

【New Delhi, India—Pragya Awasthi, Correspondent】Uttar Pradesh, India, has proposed expanding industrial cooperation between the two countries by presenting Korean companies with investment opportunities in semiconductors, electronics, auto parts and advanced manufacturing.
According to local media reports on the 14th, Invest UP, Uttar Pradesh's investment promotion agency, held the “Korea–Uttar Pradesh Industrial Roundtable” in Greater Noida, Uttar Pradesh, on the 13th. Eighteen Korean companies took part in the event, and Lee Seung-ho, chairman of the Korea World-Class Enterprises Association (KWCEA) and Unitech, led the delegation.
The delegation is staying in Uttar Pradesh from the 12th to the 15th to examine the industrial environment at major manufacturing hubs and assess investment prospects. At the roundtable, Uttar Pradesh officials outlined policies on the electronics industry and foreign direct investment, as well as the availability of industrial land. They also presented site-selection options and administrative support measures for companies planning to enter the market.
The Yamuna Expressway Industrial Development Authority (YEIDA) presented plans for “Korea City,” a dedicated industrial hub being developed for Korean companies. The project aims to help Korean manufacturers and technology companies enter the Indian market and establish a business base there. The Korean participants included Hana Micron, Dongjin Semichem, Shilla Industrial and Unitech. These companies operate in fields related to semiconductors, electronic materials, specialty chemicals, auto parts and future mobility.
The Uttar Pradesh government also outlined its foreign direct investment and investment promotion framework targeting Fortune Global 500 and Fortune India 500 companies. It also explained the Uttar Pradesh Global Capability Center Policy 2024, which aims to attract global companies to establish business operations hubs. The plan is to expand investment promotion beyond manufacturing to include services and business operations for global companies.
The delegation is scheduled to visit HCLTech, Tata Consultancy Services, Samvardhana Motherson, Deki Electronics and Bharat Electronics, located in Noida and Ghaziabad. During the visits, the delegates plan to examine each company's manufacturing capabilities, technological expertise and industrial infrastructure, and assess the potential for local business cooperation.
The roundtable was chaired by Jasjit Kaur, president of the Uttar Pradesh Electronics Corporation. Also in attendance were Ghazal Bhardwaj, deputy CEO of Invest UP; Prerna Singh, deputy CEO of the Greater Noida Industrial Development Authority; and Manish Mina, deputy CEO of the Yamuna Expressway Industrial Development Authority. Participants discussed investment approaches to strengthen supply chains in technology-driven industries and expand cooperation between companies in the two countries, as well as opportunities to build business partnerships.

[email protected] Pragya Awasthi, Correspondent Reporter