The Rajasthan State Industrial Development and Investment Corporation (RIICO) signed a Memorandum of Understanding (MoU) with South Korean Trade Promotion Agency (KOTRA) on 11 March 2013 in New Delhi for setting up Korean industrial zone at Ghilot in Neemrana.
Main points of the MoU:
• While signing of the MoU, Ambassador of South Korea to India, Joon-Gyu Lee was also present.
• After the zone dedicated to Korean units is established, Rajasthan will be the only Indian state to host two country-specific exclusive manufacturing zones. Rajasthan is already hosting the Japanese manufacturing zone at Neemrana. It was established in 2008.
• The Managing Director of RIICO as well as the Director-General of KOTRA signed the MoU. Under the MoU, both these organisations will promote the industrial investment as well as technology transfer from South Korea to Rajasthan.
• RIICO and KOTRA will also help each other in disseminating information for attracting investment from South Korean industry.