Maharashtra government & South Korea signs MoU For cooperation In Major Infra Projects In State, Such as Metro Rail & Smart Cities

Maharashtra government & South Korea signs MoU For cooperation In Major Infra Projects In State, Such as Metro Rail & Smart Cities

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Date of Post: 27 Sep, 2017

Mumbai: The Maharashtra government & South Korea signed a MoU for cooperation in construction major infra projects in the state.

The MoU was inked on Tuesday in the presence of visiting CM Devendra Fadnavis & South Korea’s Minister for Land, Infrastructure & Transport Kim Hyun-mee in Seoul.

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As per the MoU, South Korea is expected to support or participate with the state on other major projects coming up in different parts of Maharashtra like-

  • Smart Cities
  • Roads & Highways
  • Airports
  • Metro Rail

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More Information:

  • Detailing various projects, Fadnavis informed Kim that Maharashtra leads in the industrial development in India & has attracted 50% of all FDIs (Foreign Direct Investments) in this country.
  • The developments came on the first day of the 3-day visit by a high-power delegation led by Fadnavis to South Korea.
  • The delegation will later visit Singapore for a couple of days before returning home on September 29.
  • Officials said, earlier, the state government had signed a MoU with the South Korean Land & Housing Corporation to take up land development, town planning & housing projects along the Mumbai-Nagpur Expressway and set up ‘agro-prosperity centres’ for boosting agro-based industries & generating employment.
  • During his stay, Fadnavis is scheduled to meet top representatives of global giants with focus on attracting South Korean FDI for the state.

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Some of The Global Giant Companies Are-

  • Hyundai Heavy Engineering
  • LG Electronics
  • Hyosung Corporation
  • Samsung

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