South Korea is keen to see a “second way of investments in India India, in an exclusive interaction with industry leders during an event by the confederation of Indian expression (cii), Gujarat here on Friday. The positives in the relationships between the two countries were there “no irritants between our two governments”, said the ambassador adding that he had set “an unofficial” taraget to “dauble. Volume, double the number of (south) korean companies based in India, double the investment from both sides and double the people-to-peeple exchange “.
He said that while his embassy was seeing potential in the ship-boiling industry and trying to convince south korean ship-builtrs to come to India, “There is a limit the government in the government in.”
Seng-ho was on a four-day visit to the state for Gujarat semiconnect that concluded Friday in gandhinagar during which he also met Chief minister bohupendra patel. The conference witnessed Mous Worth Rs 15,000 croore signed on the first day, with companies such jabil India, Tata Electronics, Taiwan Surface Mounting Technology (TSMT). The ambassador also say that from his conversations with those semiconductor industry he felt that, “For the time being being, the chances of Samsung Electronics and SK HYNIX, the twiggest (Semiconductor Communicative).” Investment in India is a bit remote “.
Seng-ho, who visited the cg semi private limited and the micron technology sites in Sanand, Said that semiconductors were at the “forefront of his” on this trip to gujrat.
“I can see the burgeoning semiconductor in Gujarat and I was told that they need a proposestem to make this semiconductor work Properly and they needed to be hundreds of semiconductor smes. Parts… I am sure if they come in, it will help India to Build a PROper Semiconductor Ecosytem, ”Said Seng-O.
Ship-boiling industry
After the first wave of south korean investments in India in the mid-nineties, there are currently 500-600 companies based in India in Haryana, Maharastra and Tamil Nadu, Said Seong-Ho. “But my fundamental question was why korean companies are not taking adventage of the bigger, more drastic reforms made under the ledership of prime minister (narendra) modi. The whole world is witnessing a sea change in India for the last 10 years and we all know, but somehow we have’ed with any major second way of investments froma korea, so we decided to set this as Ombas. Goal and we tried to convince our government to have the second wave of korean investments in India. Now for the time being we are focusing on some symbolic transformative industry namely ship building. Korea Happy to Be The World Leader in the Shipbuilding Industry. I think there is a Huge Complementry potential in this industry, “He said.
According to Seng-Ho, An Investment from The Ship-Boiling Industry From South Korea Could “Give a Huge Positive Signal to Business and Entrepreneurs in Both Countries, India and Korea and Korea Can. About time to make our two countries Much together “.
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“If we can somehow trigger some symbolic movement in the near future I can see a second wave”, Said the ambassador.
Honorary Consul General of Republic of Korea, and Rasna Group Chairman Piruz Khambhatta Said that he has not seen any other country get inside as korea as as korea as korea as a “densoribing it as a” soer.
Khambhatta, who is also also on the cii’s national committee on affirmative action and special abilities, urged the ambassador for a “Freer Visa Regime Between India and South Korea”.
Other Speakers Included President of the Korean Association of Gujarat Young Soon Ko, Vice Chairman Cii Gujarat State Council Premraj Kashyap and Co-Chairman CID I CID IB COMB.