Financial Daily from THE HINDU group of publications
Thursday, Apr 03, 2003
Financial Daily from THE HINDU group of publications Thursday, Apr 03, 2003 |
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Agri-Biz & Commodities
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Horticulture/Fruits & Vegetables Industry & Economy - Exports & Imports S. Korea may buy potatoes from Bengal Our Bureau
KOLKATA, April 2 SOUTH Korea, one of the world's largest importers of potatoes, is interested in buying from West Bengal, which enjoys huge surplus in production. This was announced by Mr Rajive Kaul, Honorary Consulate-General of South Korea, at a press conference in the city. Mr Kwon Soon-Tae, Korean Ambassador, was also present in the conference. According to them, initial talks had been held between the Korean representatives and the West Bengal Government. "These are initial discussions and nothing has been finalised,'' Mr Kaul said. West Bengal is one of the largest potato-producing States in India. Though much of it is consumed within the country, there is always a surplus. Farmers growing potatoes generally suffer from low prices, which is almost a perennial problem for the State Government. If exports to Korea take off successfully, it will come as a big relief for the State Government and also a big bonus for the domestic growers. However, earlier similar efforts to export potatoes from West Bengal failed drastically. Mr Soon-Tae said a number of business delegations from India and Korea would soon be visiting either country. Apex Indian chambers of commerce such as CII and FICCI would be taking delegations along with top Union Ministers. One Korean business delegation would also be visiting India. According to Mr Soon-Tae, a section of the delegation is interested in the Indian IT sector. "Koreans are mainly into IT hardware but Indians are software experts. I believe that there can be interesting partnership between the two,'' he said. Meanwhile, the Indo-Korean trade in 2002 accounted for revenue worth $2.6 billion with each country accounting for an equal share of $1.3 billion each.
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