The Telangana government has signed an agreement with Korea Mobile Internet Business Association for collaboration in the AI, VR, AR, IoT and electronics manufacturing sectors, an official statement said on Tuesday.
The agreements with MOIBA, an association of about 500 mobile internet companies and another with JCCIA were signed during the visit by a delegation from the state government to South Korea.
During the two-day visit, Information Technology Minister K. T. Rama Rao, who was heading the delegation, met Choi Dong Jin, Executive Director, and representatives from MOIBA.
According to a statement from the minister's office here, he explained 'Digital Telangana' initiative and how it is planning to connect every home with the FiberGrid project. The minister invited Korean AVCGI companies to invest in Game Tower being built in Hyderabad.
The delegation met heads of several renowned automotive, textile companies and business associations.
Calling on K.K. Yoon, Director, Global Rail Business, Hyundai Rotem, a leading manufacturer of rolling stock, defence products and plant equipment, Rama Rao told him about the newly flagged off Hyderabad Metro, and the state's plans to expand rail/metro network in the state.
Later, the Minister met Nam Geunho, EVP, Hyundai Corporation - which is a manufacturer of marine vessels, industrial plants and machinery, commercial automobiles land rolling stock, steel, chemical products.
He also met Kihuk Sung, Chairman, Youngone Corporation. This company recently announced $300 million investment in Kakatiya Textile Park in Warangal.
The Telangana delegation held a series of meetings in Daegue Metropolitan City which home to several textiles, fashion and high-tech industries.
The delegation called on automotive company representatives led by Choi Woon Back, Director General, Future Industrial Promotion Bureau, Daegu City, where the minister gave an overview of the automotive ecosystem in Telangana and requested the Korean company representatives to visit the state once and explore investment opportunities.