|[KCCI] Seminar on the Investment Environment of Georgia|
Seminar on the Investment Environment of Georgia
On the 22nd, Korea Chamber of Commerce and Industry (chairman Sohn, Kyung-shik) held the ‘Seminar on the Investment Environment of Georgia’ at the KCCI hall.
Irakli Matkava, First Deputy Minister of Economy of Georgia said that “Georgia has geographical advantage of connecting Turkey, East Europe, and central Asia and is also in the spotlight as a new promising investment area based on its cheaper labor costs than China and India.”He also emphasized that Georgia can be the best investment area considering Russia, Turkey and other CIS countries that have made FTA agreements or countries without any manufacturing industries such as Armenia and Azerbaijani.
Deputy Minister Matkava continued saying that “Korean enterprises are known to have large interest in advancing into the field of Georgia’s new renewable energy” and requested that “Korean enterprises show active interest in the hydroelectric power project the Georgian government will carry out.”
Regarding promising industries for investment, he advised that “Korean enterprises can find opportunities in not only building infrastructures , but also in hydropower resource management, textile and apparel industry, food and beverage processing industry, agricultural machines assembling industry, and construction material producing industry.”
Approximately forty businessmen interested in advancing into Georgia such as Samsung C&T Corporation, Hyundai Corporation, KCC Engineering & Construction, and LG Household & Healthcare attended this seminar.
*Source: Korea Chamber of Commerce and Industry
*Date: March 27, 2012
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