At the invitation of FICCI, Mr Rajiv Arora, Executive Vice President, Muez Hest attended the India Korea Business Forum on 9th July, 2018 at Taj Palace hotel, New Delhi, held in the honor of visiting His Excellency Mr MOON Jae-in, Hon’ble President of Republic of Korea, who was accompanied by several ministers, senior government officials, besides, around 100 business & industry leaders from Korea.
H.E. Mr MOON Jae-in, Hon’ble President of Republic of Korea addressed the gathering and urged for a greater engagement & cooperation between Korea & India. Mr Moon affirmed his commitment to raise level of Korea India engagement by extending his Government’s support & funds to projects in India, in the areas of Aerospace, Infrastructure, Science & Technology & Food Processing cooperation for the benefit of People, Prosperity & Peace.
Mr Suresh Prabhu, Hon’ble Minister of Commerce & Industry and Civil Aviation lauded the role of Korean companies in giving importance to India and having established large manufacturing facilities in India. Mr Prabhu said that both countries are moving constructively and urged the Korean businessmen to tap the opportunities available in India.
Mr Park Young Mann, Chairman, Korean Chamber of Commerce & Industry also spoke about the future cooperation between the two countries would aim at promotion of peace & stimulating greater investment. Korean industry would focus on increasing business with Indian partners & forge joint ventures to take business relations to newer heights.
Mr. Rashesh Shah, President, FICCI said that the Indian industry was enthusiastically looking forward to unprecedented growth in India-Korea trade and investment relations. This high level visit would spur pro-active engagement between the Korean and Indian companies. He expressed confidence on greater collaboration between two friendly countries.
Mr Rajiv Arora, Executive Vice President, Muez Hest also met Mr Rajiv Kaul, Chairman, Nicco Group and Mr Sanjay Kirloskar, Chairman, Kirloskar Brothers Ltd, besides, meeting Mr Kyung Shik Sohn, Chairman, Korea Employers Federation and had fruitful discussions.with each of them.
On this occasion, the Commerce Ministers of both the countries also released a FICCI Report on ‘India-Republic of Korea: A New Era of Relationship’.