Seoul,29th August-2014,(IANS):With over 600 South Korean companies active in India with a total investment of over $4 billion. one of the biggest Indian business symposia was organised here with a large business audience in attendance.
Korean companies have been investing $25-30 billion abroad annually and are keen on scaling up their presence in India, given the huge market & business opportunities on offer. A number of important investment projects, including the Posco Steel Mills in Maharashtra and Odisha, as well as the first Korean Industrial Park in Rajasthan, are in the pipeline.
The symposium called ‘India: New future in infrastructure & manufacturing’ was held Thursday at the Millennium Hilton Hotel in the South Korean capital and was organised by the Indian Embassy. It was organised in collboration with The Standard Chartered Bank, Indian Chambers of Commerce in Korea (ICCK), the Asia Society Korea Centre and Mahindra & Mahindra/ .
Anil Wadhwa, Secretary (East) Ministry of External Affairs, elivered the keynote address, after the welcome remarks by Ambassador Vishnu Prakash. Other prominent speakers included CEO Asia of Standard Chartered Jaspal Bindra, Chairman of the Delhi-Mumbai Industrial Corridor Talleen Kumar and President & CEO of Korea Delphi Auto Components Y.J. Kim.
Additional presentations were made by representatives of the Government of Gujarat, KPMG India and Samiran Chakraborty, an economist.