SME Times - Korea Seeks Major Involvement in SME Sector in Gujarat, South Korea Has Plans to Set Up Innovation Centre in Gujarat, South Korea Has Plans to Set Up Innovation Centre in India

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SME Times News Bureau | 17 Apr, 2010
South Korea is seeking major involvement in the small and medium enterprise (SME) sector in Gujarat and has plans to set up a world class innovation centre in the state, a state minister said on Friday.

According to Minister of State for Industries Saurabh Patel, the South Korean government backed business delegation this week has firmed up a time table for the purpose.

The state-owned Gujarat Industrial Development Corporation (GIDC) and the Small and Medium Business Corporation (SBC) of South Korea will be the two nodal agencies that will work out the modalities for the promotion of small and medium enterprises between Gujarat and South Korea.

"This is a follow up of the MOU signed between GIDC and the SBC in 2007," official sources said adding that the proposed innovation centre will work for promoting business in areas like electronics, automobiles and clean technology.