Coming up: Compendium on 50 Korean corporate success stories in India
The publication will feature a compilation of case studies, highlighting the experiences of Korean companies that have prospered in India, and also shedding light on joint ventures, projects, and technical collaborations.
NEW DELHI/SEOUL: The Confederation of Indian Industry (CII), in collaboration with the Embassy of the Republic of Korea in New Delhi and the Embassy of India in Seoul, is set to release a compilation to showcase the success stories of 50 Korean companies operating in India and Indian companies establishing their presence in Korea.
Supported by the Korea Trade-Investment Promotion Agency (KOTRA) and Korea International Trade Association (KITA), the compendium titled India & Republic of Korea – Enduring Business Partnership @ 50 and beyond aims to celebrate the 50-year-long business partnership between India and the Republic of Korea as both nations celebrate the year 2023 as the 50th anniversary of diplomatic relations.
This significant milestone in the diplomatic ties between India and the Republic of Korea marks a golden jubilee of friendship and cooperation. Over the years, the bilateral relationship has transformed into a “Special Strategic Partnership,” propelled by shared interests, mutual goodwill, and high-level exchanges.
To ensure a comprehensive representation of the enduring business partnership, CII, KOTRA, and KITA have reached out to numerous Korean companies, requesting them to provide details about their business and projects. These contributions will be included in the compendium, further enriching its content and highlighting the diverse range of collaborations and success stories.
The Korean companies have been asked to share their inputs so that their success stories can be included in the compendium.
As the publication comes to fruition, it will serve as a testament to the enduring relationship between India and the Republic of Korea, promoting further collaboration and reinforcing the foundation for future economic growth and prosperity.
The publication will feature a compilation of case studies, highlighting the experiences of Korean companies that have prospered in India, inspiring other enterprises seeking to expand their business engagement between the two nations. It will also shed light on joint ventures, projects, and technical collaborations between Indian and Korean companies across various sectors.
The business ecosystem between India and Korea has witnessed remarkable growth, with both countries establishing themselves as valuable partners. India’s abundant and skilled workforce has found lucrative opportunities within Korea’s industrial landscape. Similarly, Korea’s technological advancements, smart manufacturing capabilities, and advanced digital economy have presented immense value to India’s manufacturing and services sectors.
Those interested can connect with
Mr Rajiv Kumar,
Deputy Director – International Division,
Confederation of Indian Industry
Tel: +91-11- 24629994 – 7,
Email: rajiv.kumar@cii.in
The integration of Korean supply chains and research and development (R&D) investments in India have spanned multiple sectors, including automobile manufacturing, electronics, green energy, information technology, digital transformation, advanced manufacturing, food processing, financial services, healthcare, and more.
In April, Korea also published a compendium with 39 K-CSR featuring social development projects stories featuring a variety of social development projects implemented by 18 Korean companies based in India. The Embassy of the Republic of Korea, along with its trade promotion agency KOTRA, has selected the K-CSR best practices worth sharing in the field of education, healthcare, women and child development, environment protection, and disaster management.
Termed as K-CSR, some of these projects included the establishment of a technical skill academy, dream library, Taekwondo training, digital classroom, and back-to-school program, hoping for the butterfly effect. Other projects relate to forest conservation and helping people overcome the COVID-19 pandemic. The total number of Korean companies operating business in India is currently over 800. The publication of the K-CSR booklet was one of the year-long initiatives both nations are taking to further strengthen their bilateral ties.
