Lokesh proposes Andhra-Korea Investment Desk, invites Kia to expand near Visakhapatnam
Andhra Pradesh Minister Nara Lokesh is visiting South Korea to attract foreign investment in sectors like electric vehicles, semiconductors, and renewable energy. He proposed an Andhra-Korea Investment Desk and invited Kia Corporation to expand its manufacturing footprint near Visakhapatnam.
Why it matters
This initiative represents a strategic effort to boost regional economic development and industrialization through international partnerships.
Andhra Pradesh’s Minister for HRD, IT and Electronics Nara Lokesh on Thursday (July 9, 2026) concluded the fifth day of his South Korea tour with meetings aimed at attracting investments in electric vehicles, semiconductors, electronics, renewable energy and digital infrastructure, while proposing measures to strengthen economic ties between Andhra Pradesh and South Korea.
Mr. Lokesh met South Korea’s Vice Minister for Political Affairs Eui-hae Cecilia Chung, Vice Minister for International Trade and Investment Kamchan Kang, senior executives of Kia Corporation and Sunic Systems.
He projected Andhra Pradesh as a preferred destination for Korean investments, highlighting the State’s 3S governance model, Speed, Stability and Service, along with investor-friendly policies, industrial land, ports and export connectivity.
He proposed setting up an Andhra Pradesh-Korea Investment Desk, annual economic partnership dialogues, Korean language and cultural centres, improved air connectivity and joint skill development academies to strengthen bilateral cooperation.
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