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Maharashtra, South Korea ink MoU for infra projects

by September 26, 2017 General

The and signed a MoU for cooperation in construction major infra projects in the state including the upcoming 706 km Mumbai-Expressway, an official said here on Tuesday.

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

Detailing various projects, Fadnavis informed Kim that leads in the industrial development in India and has attracted 50 per cent of all foreign direct investments in this country.

As per the MoU, is expected to support or participate with the state on other major projects like Smart Cities, roads and highways, airports and metrorail coming up in different parts of

The developments came on the first day of the three-day visit by a high-power delegation led by Fadnavis to The delegation will later visit Singapore for a couple of days before returning home on September 29.

Earlier, the state had signed a MoU with the South Korean Land & Housing Corporation to take up land development, town planning and housing projects along the Mumbai-Expressway and set up ‘agro-prosperity centres’ for boosting agro-based industries and generating employment, officials said.

During his stay, Fadnavis is scheduled to meet top representatives of global giants like Hyundai Heavy Engineering, LG Electronics, Hyosung Corporation, Samsung and others with focus on attracting South Korean FDI for the state.

The delegation included Additional Chief Secretaries Sunil Porwal, Pravin Pardeshi, Principal Secretary Ashish Kumar Singh, State Road Development Corporation Vice-Chairman and MD Bhushan Gagrani and Industrial Development Corporation Chief Executive Sanjay Sethi.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)