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According to Yonhap News,
(ULSAN=Yonhap News) Ulju County announced on June 30 that the trade delegation to India and Shri Lanka has signed a USD 13.73 million export agreement and produced consulting performance of USD 96.68 million.
The trade delegation, jointly promoted by Ulju County and the Small & Medium Business Corporation (SMBA), is composed of 6 companies including Unionland, Shinjeong Development Co., Micro Powders, Inc., Jeil Chemical Co. Ltd., Alpha Techwin Co. Ltd., and Limscom Co. Ltd. It has visited New Delhi and Chennai of India, and Colombo of Shri Lanka.
The export volume of regional companies in Ulju County to India was USD 813 million last year and lubricants, chemical products, steel products, and automotive parts accounted for the most export goods.
Main Engineering of Chennai, India, has asked Alpha Techwin Co. Ltd. that produces heat exchangers to cooperate on a project from a state-owned company in Kuwait.
Since Shri Lanka limits the items and the scope of export, the participating companies have identified the market trend and confirmed the future investment potential.
young@yna.co.kr
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Source: Yonhap News (June. 30, 2014)
** This article was translated from the Korean.