2025-09-01
Indian State of Chhattisgarh Extends Formal Investment and Technology Transfer Request to Korean Companies ModernTec and UNECORAIL
The Government of Chhattisgarh, India, has officially requested local investment and technology transfer from ModernTec Corp., a Korean electric vehicle charger manufacturer, and UNECORAIL, a railway maintenance specialist.
According to the Times of India on the 29th (local time), Chhattisgarh Chief Minister Vishnu Deo Sai, during his visit to Korea, discussed potential partnerships with the two companies.
During his trip, Chief Minister Sai met with ModernTec representatives and proposed the establishment of an advanced EV charger plant in Chhattisgarh, according to local media reports.
Founded in 2003, ModernTec began as a manufacturer of machine control devices and entered the charging equipment sector in 2009. In 2011, it developed its own power distribution charging technology, and today the company holds an 80% share in Korea’s bus charging market. Notably, last year, ModernTec signed a three-year export contract worth 761 billion KRW for EV charging equipment with the U.S.—the largest export achievement in Korea’s EV charging industry.
Chief Minister Sai said, “Establishing an EV charging plant in the state will support our clean energy goals and provide citizens with improved modern transport infrastructure.”
In a separate meeting, Chief Minister Sai held talks with UNECORAIL CEO Dong-Pil Park on localization, technology transfer, and network improvements, local outlets reported. Sai noted that the state government views advanced railway solutions as critical for its industrial and logistics needs.
The cooperation drive aligns with Chhattisgarh’s “Green Growth 2024–2030” industrial policy, launched in November last year. Chief Minister Sai explained, “These proposals align with our policies to reduce carbon emissions, expand sustainable transport, and strengthen railway infrastructure.”
The new industrial policy grants special incentives to high-growth potential sectors—including pharmaceuticals, textiles, agriculture and food processing, green hydrogen, electronics, AI, robotics, and solar energy—by 2030.
The Chhattisgarh government is preparing support packages to attract investors, including ready-to-use infrastructure, streamlined approval procedures, and one-stop support services, according to Sai. “By simplifying and making procedures transparent, we are enabling investors to proceed quickly without obstacles,” he emphasized.
Local media also reported that, at a stakeholder-connect workshop held last December, the state government signed investment intent letters worth 3.22 trillion KRW in key sectors such as ICT, AI, data centers, ethanol, electronics, and compressed biogas.
Sai stressed that clean energy and sustainable development lie at the heart of his policies and urged global companies to join Chhattisgarh’s “next-generation” industrialization process as development partners.
Industry watchers interpret this initiative as evidence of Chhattisgarh’s major investment plans in clean mobility and logistics. In particular, the move reflects the state’s determination to adopt Korea’s advanced EV charging and railway technologies to drive sustainable regional development.