New Delhi [India], November 7 (ANI): The sixth India-Korea Business Partnership Forum marked a momentous celebration of the fiftieth anniversary of diplomatic relations between India and the Republic of Korea.
Distinguished delegates and dignitaries convened at New Delhi, to deliberate on the enduring enterprise partnership between the 2 nations.
Ambassador Chang Jae-bok, the Ambassador of the Republic of Korea to India, expressed his heartfelt congratulations to India for the profitable G20 summit and counseled Indian management.
Jae-bok mentioned, “Other bilateral meetings, people-to-people exchanges for tourism, education, culture with Korean culture has been exemplified by Korea Drama and is gaining popularity in Indian society. In return Indian culture particularly movies and cuisine is finding a strong one in Korea. In the economic domain, our robust relationship which has matured over the past five decades is deeper”.
He emphasised the strengthening ties between the 2 nations, particularly as they celebrated their fiftieth anniversary.
“Over 600 Korean companies have established themselves in India. They have expanded their establishments in India. In the 50 years, since the establishment of diplomatic relations, Our ties consistently progressed in a positive direction, especially in the economy of Korea’s industrial development and cutting-edge technology. India’s growing role in the global supply chain is expected to benefit Korea by diversifying our export and neutral contents”, mentioned Jae-bok.
Ambassador Chang highlighted varied sectors of cooperation, together with people-to-people exchanges in tourism, training, and tradition, financial collaboration, and the rising reputation of Korean tradition in India.
“Companies have expanded their investment in India, encompassing various sectors, including finance, logistics and online gaming, collaboration in areas such as re hydrogen and electric vehicles towards significant progress as well,” Jae-bok mentioned.
He additionally famous the optimistic progress in financial relations, the enlargement of Korean firms in India, and the advantages of India’s rising function within the world provide chain for Korea.
Ambassador of India to the Republic of Korea, Amit Kumar, who addressed the occasion nearly, pressured the importance of the 50 years of diplomatic relations between India and Korea.
Amit Kumar mentioned, “The event also commemorates 50 years of our diplomatic relations. KITA is the largest business organization. Despite the global headwinds, you can witness and experience firsthand the prevailing sense of optimism and inherent dynamism in the Indian economy today”.
He talked about the deepening consultations on political, strategic, financial, and business issues between the 2 nations.
Kumar mentioned, “President Yoon and Prime Minister Modi met twice this year. Our foreign ministers too have met twice. There have been numerous other multi-sectoral exchanges at the senior level, senior officials are non-governmental level, moving in the economic and commercial domain. India and ROK are today deepening consultations on political and strategic issues, boosting economic and commercial linkages”.
“Discussing energy climate change and sustainable development exploring science and technology higher education, innovation and the sort of cooperation promoting cultural exchanges and people to people connectivity. We are going through significant transitions globally, be it in terms of geopolitical shifts so reconfiguration of supply chains, or in terms of new and emerging technologies”, Kumar mentioned.
Ambassador Amit Kumar highlighted discussions on power, local weather change, sustainable improvement, science and know-how, greater training, and innovation.
“As two of the top 10 economies in the world, we will need to work even more closely. The two sides are in discussions not only on trade and investments but also on broader bilateral economic corporations. we’re expanding the conversation to include infrastructure in a new technology. If you look at India, its economy is projected to grow at relatively high rates of growth for the next two decades and will overtake Germany and Japan to become the third largest by 2027”, mentioned Kumar.
Kumar said, “India also emphasizes the scale and growth opportunities, the availability of skill and talent as well as technology and innovation capabilities that are hard to find. We currently have the third-largest start-up ecosystem in the world that is driving innovation and competitiveness across various sectors of the economy. We already have around 600 Korean companies in India, which have been quite successful. It is time to get more Korean MSMEs to join them in India”.
He emphasised the necessity for nearer cooperation between India and Korea as two of the world’s high 10 economies. India’s fast financial development, revolutionary start-up ecosystem, and huge alternatives for collaboration make it a sexy vacation spot for Korean firms, with round 600 already efficiently working in India.
The Ambassador inspired Korean MSMEs to discover additional enterprise prospects in India. (ANI)