Indian Chamber of Commerce in Korea ICCK and India Forum organizes joint seminar in Seoul

The Indian Chamber of Commerce in Korea (ICCK) and India Forum organized a joint seminar in Seoul to strengthen the economic relationship between India – Korea. Mr Joongyu Lee, former Ambassador to India said at the conference appreciated the Make in India Initiative started by Prime Minister of India Shri Narendra Modi and termed it as a great opportunity for all Korean Companies to grow in India”. He expressed hope that the trade and investment between Korea and India will increase exponentially in the near future.

An official from ICCK told that in line with Make in India policy, Korean company's model of entry into India is changing. For example, Samsung Electronics is pushing for local production of parts such as display panels, and Lotte is also pushing for direct entry into the



agro-food sector to put a plant in India. In addition, awareness of Korea in India is also rising recently, and there are also more opportunities to enter everyday consumer goods such as K-Beauty and K-Food in addition to existing Samsung phones.