A delegation from South Korea led by Mr. Calvin Seungwon Yi, CEO, Wevio Global, Inc. were recently in the state of Andhra Pradesh to meet with Mr Kondapalli Srinivas, Minister for Micro, Small and Medium Enterprises (MSME), Society for Elimination of Rural Poverty and NRI Empowerment and Relations, Government of Andhra Pradesh and senior officials Dr Sreedhar Cherukuri IAS, Director of Industries, Commerce and Export Promotion and Mr Abhishikth Kishore IAS, VC & MD – APIIC.
The visiting delegation discussed the prospects of Korean Companies investments in various sectors of MSMEs in AP.
The Korean Team held discussions for setting-up of technology business incubation centers and having an institutional engagement in agri tech, in the state of Andhra Pradesh.
As per an official release from the government the deliberations primarily focused on WEVIO Global – Korea collaboration with GoAP for boosting investments in Agri-tech, Food Processing, Aqua, Bio-tech, Pharma and Electronics MSMEs and to strategically partner for soft landing and scaling-up of Korean companies in the state.
In the meeting Dr. Cherukuri highlighted the State’s enabling and hassle-free business environment for the investors. He mentioned the development of new product-based MSME Clusters and the conversion of existing 28 dedicated MSME clusters/ parks across 7 districts, to product-specific clusters with technology and expert interventions.
The discussion progressed by stressing upon the focus on the MSME segment, private participation in the development of MSME Parks and the home-to-home survey that is being carried by GoAP for understanding the micro business entrepreneurs and their challenges.
Chairing the meeting Mr Srinivas spoke about the micro-level industries and the RAMP programme being implemented at state level to enhance the performance of MSMEs by promoting technology upgra- dation, innovation, digitization, market access, credit, greening initiatives, etc.
Mr. Calvin Seungwon Yi, CEO, Wevio Global, Inc., spoke about the Korean Technology commercialization in MSMEs and how the Korean Government is spending huge amounts of its GDP towards R&D and tech interventions in India.
Taking the deliberations forward, Mr M. Abhishikth Kishore I.A.S. stated that the Flatted Factory Complexes, Ready-built Factory Sheds and the Plug & Play Complexes available in the state under AP Industrial Infrastructure Corporation (APIIC), enable the entrepreneurs and especially the global investors to set-up their shops readily in the state.
