South Korea government’s agency Korea Land Corporation(KLC) will set up a ‘Korean Industrial Park come Technology zone’ in South Gujarat’s Kalgam-Maroli Special Investment Zone(SEZ). Gujarat Government today signed a memorandum of association (MoA) with KLC in Gandhinagar.

Proposed Kalgam-Maroli special economic zone, located near Umargam in south Gujarat will be jointly developed by state run Gujarat Industrial Development Corporation(GIDC) and India’s retired Vigilance Commissioner N.V.Vittal’s Gujarat Vittal Innovation City Limited(GVICL).

A Korean delegation led by Korean Land, Transport and Maritime affairs vice minister WON, DO-Youp, visited Gujarat Chief Minister Narendra Modi today at Gandhinagar to start a new chapter in Gujarat-Korea partnership. Gujarat Chief Minister suggested the Korean minister to start a center of learning in the state to bridge the relation between the two states stronger. Chief Mininster Modi also invited the visiting minister to remain present in International Buddhist Conference scheduled to be held in January next year.

According to Kwon, the proposed industrial complex will be set up in 800 acres in South Gujarat and around 60Korean medium-sized companies have shown interest to set up their units there.

Companies engaged in manufacturing, IT and automobiles will set up their units or R&D activities in the industrial complex, he said.

Kwon said currently there are around 300 Korean companies doing business in India and after Comprehensive Economic Partnership Agreement (CEPA) is signed between the two countries, business and trade will go up significantly.

“Trade and business between India and Korea will see new heights in near future,” he said at a press conference here.

Chief Secretary D.Rajgopalan, minister of state for industry Saurabh Patel, Chief Minister’s Principal Secretary K.Kailashnathan and Gujarat Vittal Innovation City Limited promoter N.Vittal were present at this occasion.