Indo-Korean relations have been growing over the past few years and this visit shall further strengthen mutually beneficial trade and investment relations between the two countries.
The delegation visit to Korea comes at a time when the ruling government has completed three years. During the last three years, Indian government under the leadership of Hon’ble Prime Minister – Narendra Modi, has made significant progress, and undertaken various structural reforms, the latest being the Goods and Services Tax.
India is today one of the most attractive investment destinations for global investors and there is a potential for much greater investments from various countries, including South Korea.
As a part of the visit, FICCI along with Korea Chamber of Commerce & Industry (KCCI) is organising a seminar, where Hon’ble Finance Minster Arun Jaitley will address businessmen from leading companies as well as SMEs, and both corporate and institutional investors. The seminar will focus on key achievements of the government and long-term investment opportunities in India.
The FICCI delegation will get an opportunity to highlight to stakeholders the progress made across various development programmes and various measures taken by the government to steer the economy to higher growth path. It will be an opportunity to highlight the potential areas for further co-operation, especially in areas like manufacturing, ship-building, defence, infrastructure, etc.
“India remains an attractive investment destination in the world. This visit to South Korea will provide a good opportunity for CEOs to talk about the enabling policy environment available for corporates in India as well as to highlight the advantages that India offers to foreign investors”, said Rashesh Shah, Senior Vice President, FICCI.