The forum was held in conjunction with the Korea-India Industrial Exhibition (KoINDEX), which attracted over 100,000 visitors from around the world.
Korea-India
The Korea-India Business Partnership Forum, held on November 22, 2024, in New Delhi, marked a significant milestone in the relationship between Korea and India, celebrating the 51st anniversary of their diplomatic ties. Over 600 participants, including government officials, business leaders, and cultural figures, gathered to discuss and explore new opportunities for collaboration across multiple sectors.
ADVERTISEMENT
Co-hosted by Herald Media Group, the Korea International Trade Association (KITA), and the Confederation of Indian Industry (CII), the forum sought to advance cooperation in areas such as manufacturing, construction, and finance. The event came at a time when India’s geopolitical and economic influence continues to grow, and the focus was on the opportunities that exist for further collaboration between the two countries.
In his opening speech, Jung Won-ju, Chairman of Herald Media Group, highlighted India’s ambitious economic plans, including its goal to become the world’s third-largest economy by 2030. He noted that this vision presented numerous opportunities for Korea and India to work together in areas such as infrastructure, manufacturing, and financial investments. He also emphasized the need for continued cooperation to strengthen bilateral ties and achieve mutual prosperity.
A significant highlight of the forum was the signing of a Memorandum of Understanding (MoU) between Herald Media Group and India’s Federation of Indian Micro and Small & Medium Enterprises (FISME). The MoU aims to foster deeper collaboration and create a framework for enhanced trade and innovation between SMEs in both countries. This initiative is expected to drive economic growth and open new avenues for business partnerships between India and Korea’s small and medium-sized enterprises.
The forum featured a range of industry leaders, who provided valuable insights into the growth potential of India’s market. Chun Sang-pil, Senior Vice President of Samsung Electronics South Asia, discussed the strategic importance of India, both as a rapidly growing market and a vital part of the global supply chain. He emphasized that India’s potential as a hub for manufacturing and innovation aligns with Samsung’s broader business objectives in the region.
In a similar vein, Tarun Garg, Chief Operating Officer of Hyundai Motor India, shared the company’s successful strategy for establishing a strong foothold in India. Garg explained that Hyundai has seen significant growth since its entry into the Indian market in 1986, and the company continues to expand its presence through strategic investments and innovation.
The forum was held in conjunction with the Korea-India Industrial Exhibition (KoINDEX), which attracted over 100,000 visitors from around the world. The exhibition provided a platform for companies from both countries to showcase their achievements and capabilities across various sectors, including manufacturing, construction, and finance. It underscored the growing economic cooperation between India and Korea, highlighting their shared vision for prosperity.
In addition to discussions on economic collaboration, the event also recognized the importance of cultural exchange. Actress Anushka Sen, known for her global reach on social media, was honored for her role in promoting cultural understanding between India and Korea. Her recognition underscored the significance of cross-cultural ties in strengthening bilateral relations.
The Korea-India Business Partnership Forum concluded on a high note, with participants leaving with a renewed sense of optimism and determination to work together toward shared prosperity. The event not only showcased the growing economic ties between India and Korea but also highlighted the immense potential for future collaboration in diverse sectors.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
