East Asian countries’ contribution to prosperity of Haryana, India acknowledged at Haryana Growth Summit

GURUGRAM: The maiden edition of Haryana Growth Summit organized in the state’s financial capital Gurugram recently attributed the financial and industrial growth of Haryana to the corporates of East-Asian countries – largely the Japan, and South Korea. The Summit witnessed a global touch as besides a host of state government and domestic trade bodies joining the show, the senior representative of South Korean community in India and Korean Chamber of Commerce & Industry (KOCHAM) also attended it. Signature Global, Bajaj Group, Airtel, JMV Hyundai, Cement Industry, Federation of National Industries were some of the key participants.

Organized by the upcoming news channel ReporterJi, the summit included discussions on various crucial sectors such as industries, education, healthcare, real estate, employment, and the emerging role of Haryana in the growing India. Pradeep Agarwal, Founder & Chairman, Signature Global, Deepak Maini, Chairman, Progressive Federation of Trade and Industry (PFTI), many others offered their key inputs.

One of the interesting expert panel discussions was “Why East Asia Matters in India” that was attended by Euy Don Park, President of Federation of Korean Associations in India and vice president of KOCHAM, Pratap Singh Principal Commissioner, Income Tax department, Haryana, and Animesh Saxena, Past President, Federation of SME Associations of India (FISME), and MD, Neetee Clothing Pvt Ltd and President – Udyog Vihar industries Association  Past President- FISME. The session conceptualised and compared by Sanjeev K Ahuja, Editor-in-Chief, Asian Community News (ACN) Network.

While pointing out at the evolving trend and explaining Korean scenario Euy Don Park, Korean companies especially the SMEs were looking towards India for setting up their production facilities. “Initially, China was the destination for the Korean companies, then was Vietnam and now is the time of India. Surprisingly, Vietnam has about 300,000 Koreans living there and more 20,000 Korean companies these. India is set to see a large number of Korean companies coming here,” Park pointed out.

It was in early 2000 when a host of Korean and Japanese companies had set up their factories and invested at a large scale in China and took their technology. Taking advantage of this situation, China eventually rose to become technology superpower and also World’s Factory, a sort of indispensable supply chain component.

While commenting on the Haryana connection with Korean and Japanese companies,  Pratap Singh Principal Commissioner (IT), said that Korean and Japanese companies contributed a lot towards the development for Haryana, and charged its industrial landscape.

“First to enter Haryana was Suzuki in early 1980s and there was no looking back. Haryana has been on the progressive path since then, and its GDP has been 12.5% on annual basis. The per capita income of Gurugram is now one of the highest at $5000. Gurugram is also the home of a huge number of Koreans and Japanese nationals and you can see them in the city places especially at the golf course. Their contribution is not limited to Haryana state but to entire country,” Pratap Singh added.

Also the Chief Guest of the event, Pratap Singh Principal Commissioner was facilitated with the Haryana Gaurav Samman for their significant contribution to the industrial upliftment and the commencement of the Gurugram Expo by the Federation of National Industries through the auspicious hands of the lotus petals.

Animesh Saxena, Past President, Federation of SME Associations of India (FISME), said that it was 2019 that FISME had joined hands with Korea SMEs Association (KOSMA). “Korea has large number of MSMEs but he market there is saturated and limited. But coming to India and setting up shops here is not easy for SMEs because of various concerns such a bureaucratic hurdles, lack of knowledge of Indian laws and regulations etc. That’s why we thought of reaching an agreement between FISME and KOSMA to hand hold Korean SMEs and facilitate collaboration with Indian counterparts. Korean SMEs have the technology while India has a huge market opportunities. It’s a kind of perfect marriage,” Saxena added.

India has about 750 Korean and 1500 Japanese companies largely in manufacturing sector as is evident from the fact that most of the white goods products in India belong wither to Korea or to Japan, and Taiwan to some extent.

Raj Verma, Editor-in-Chief, Reporterji said that Haryana Growth Summit was the first attempt to promote the image of Haryana not only domestically but also on the global platform. He added, “When we talk about an event like this in Gurugram, which has already won the sobriquet of a global city, we just cannot think without involving global players and nomadic communities.

In a momentous gathering, Surendra Saini, the Chairman of the Federation of National Industries, and Gunjan Mehta, the Secretary General, seized the opportunity to share their perspectives during the grand inauguration of the Gurugram Industrial Expo—a groundbreaking initiative aimed at uplifting the industrial sector in Gurugram.

Expressing deep gratitude, Gunjan Mehta spoke about the prestigious Haryana Gaurav Samman bestowed upon them, symbolizing recognition for the collaborative endeavors of the Federation of National Industries. She emphasized their dedication to fostering impactful growth and, as participants in the Haryana Growth Summit, urged for a collective journey of innovation, collaboration, and prosperity. Mehta also echoed the commitment to fulfilling Prime Minister Modi’s vision of propelling India into a 5 Trillion-dollar economy.

Chairman Surendra Saini, in his address, shed light on the imperative task of creating a conducive environment for the industrial sector in Haryana. Stressing the importance of a streamlined approach, he advocated for a single-window service, enhanced coordination with administrative officials, effective implementation of government schemes on the ground, and the ambitious transformation of Gurugram into an Expo Hub—a pivotal move for the advancement of the industrial sector in the region.