Huge opportunities exist for Korean investors in India’s startup ecosystem and both the countries need to increase collaboration in sectors such as automobile, textiles, food processing, and chemicals to enhance economic ties, Commerce and Industry Minister Piyush Goyal said on Friday. The minister also invited Korean businesses to invest in India.
Korean investors
“Korean investors and the startup ecosystem I believe can find huge opportunities in India’s startup ecosystem. We need to complement our strengths in automobile, textiles, food processing, metals, mining, chemicals and also grow some of our traditional sectors like steel,” he said at the fourth edition of the India-Korea Business Forum.
He said the government has recently launched a National Infrastructure Pipeline with projects worth over a trillion dollars and it can provide opportunities for companies.
Preferred destination
“Today India is the preferred destination for investments. Our exports are at an all-time high, our economy is bouncing back and will possibly see one of the fastest growth rates across the world,” he added.
Goyal informed that nearly 15,000 Koreans call India their home and about 12,000 Indians live in Korea.
Follow us on Facebook, Linkedin, and Instagram to get timely updates about start-ups
What kind of articles do you want to see on our website. Please mail us at gurvinder@chalgenius.com
You also want to feature your start-ups here. No Worries. Call or Whatsapp at 8910430165. Please click to know more about us
Chalgenius is not just a media site. It creates more business opportunities for you by connecting you with thousands of potential customers, investors, accelerators, and mentors across the country. Come grow your business with us. Contact us at 8910430165 or mail at chalgeniusss@gmail.com for further details.
Get more stuff like this
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Thank you for subscribing.
Something went wrong.
