SME Times News Bureau | 10 Jul, 2018
is actively pursuing the
idea of setting up Special Economic Zones (SEZs) exclusively for
Korean companies, said
Commerce Minister Suresh Prabhu.
at the India-Korea Business Forum' organised by FICCI and the Korean
Chamber of Commerce and Industry (KCCI), Prabhu
said the idea of setting up Special Economic Zones (SEZs) exclusively
for Korean companies is
aimed at giving
a fillip to the inflow of investment to India.
time was ripe to upscale India-Korea business relations from' K Plus'
to 'K Squared', he added.
Jae-in affirmed his commitment to raise the level of Korea-India
engagement by extending his government's new 'Southern Policy' of
People, Prosperity and Peace (PPP) to '3P Plus' in the new areas of
cooperation such as shipbuilding, medical devices and food
said that the 'Southern Policy' was aligned with India's 'Act East'
policy. The synergy created by this alignment bode well for the
future of Korea-India relations, he said.
said President Moon, would provide sufficient funds to infrastructure
projects in India such as the Mumbai-Nagpur Freeway and work on
expanding S&T cooperation, especially in the fields of aerospace
and lunar exploration.
Prabhu, said that the two countries were moving constructively
and taking advantage of the 'Early Harvest' provision in CEPA. He
urged the Korean business to tap the opportunities available in India
in areas such as marine product processing.
President Rashesh Shah, said that the Indian industry was
enthusiastically looking forward to unprecedented growth in
India-Korea trade and investment relations.