Chhattisgarh turns to South Korea, Japan to attract more investments

A delegation led by CM Raman Singh took off from India on Sunday

Mineral-rich Chhattisgarh state sent a high-level delegation to South Korea and Japan to explore possibilites of attracting investments into the state.

The delegation, led by Chief Minister Raman Singh, comprises senior-level officials and leading industrialists of the state. Team, that took off from India on Sunday, would be holding a series of meeting with leading industrialists of both the Asian countries.

According to a state government official, the first high-level meeting of the nine-day visit will take place in Seoul. The team would then head Japan to explore further investment prospects. 

State government is trying to attract investments in the Information Technology (IT) and electronics sector after formulating a separate policy for each industry. Chattisgarh also stopped investements in core sectors including steel, cement and aluminium. 

Last year, CM Raman Singh headed out to China with similar interests and in the company of another high-level delegation. After the visit, the state had claimed that investments worth Rs 6,600 cr would pour into the state from China.

State had also said that it had bagged $1-billion investment through a memorandum of understanding (MoU) signed by the Hong Kong Jinyuan International Development  Ltd with the state governement in Shenzen, China. Investment was related to setting up a cement plant in Chhattisgarh