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Last updated: 11 Jul, 2018  

India.South.Korea.9.Thmb.jpg Six working groups formed to boost India, S Korea trade

India.South Korea.9.jpg
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SME Times News Bureau | 11 Jul, 2018

The 2nd India-Republic of Korea CEOs Forum announced the formation of six working groups to enhance trade and investment between the two countries.

The Forum meeting was convened Tuesday in New Delhi with leading CEOs from India and Republic of South Korea to develop an ambitious agenda to enhance trade and investment between the two countries.

The Indian side was led by Mr. Rashesh Shah, President,FICCI & Co-Chair from the Indian side, andMr. Yongmaan Park, Chairman, KCCI & Co-Chair from the Korean side.

The CEOs announced the formation of 6 working groups in sectors like Auto, Infrastructure, Services, Electronics (including renewable and allied sector) & IT and Start ups and Innovation Ecosystem (including MSMEs & SMEs) and Defense Manufacturing.

The CEOs on both sides look forward to the new era of development in the India-Korea relationship with President MOON Jae-in’s maiden visit to India.

There is a reaffirmation of the strategic partnership, and strong political will in New Delhi and Seoul to take the relationship to the next level.

The first India-Korea CEOs Forum was held in Seoul, South Korea on May 19, 2015, followed the long-standing strategic partnership between the two countries.

The CEOs deliberated upon the progress on major recommendation from the first meeting in the field of energy, including renewable energy technologies, nuclear power and LNG ship building.

 
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