20th February 2016
A high power delegation of Koreans comprising of Government and industry representatives, especially from the fields of healthcare, energy, construction and personal care visited India. In the second half of 15th February 2016, an interaction session was organized in Eros Hotel, Nehru Place wherein about 50 Indian businessmen participated and had one-to-one interaction to finalize business proposals. On the morning of the 16h, a delegation led by Dr. Udit Raj, Member of Parliament (Lok Sabha) met Shri Manohar Lal Khattar, Chief Minister, Haryana State and officers from the Government of Haryana and HSIDC in Haryana Bhavan, Delhi. A sort of understanding between Chungbuk Province of Korea and Haryana Government started emerging. The keenness of the Chief Minister facilitated further interaction sessions in Haryana Guest House. The Managing Director of HSIDC invited mainly Haryana based businessmen to interact with them.
The Korean delegation accompanied by Imagindia President, Shri Robiner Sachdev and Shri Kunal Pradesh visited Neemrana, Rajasthan and there also had consultation and interactions to bring investments to India and start industrial activities. Enthusiazed by their 3 days’ continuous business dialogue, transfer of technology and personal dialogues, the PHD Chamber of Commerce organized an interaction session with its prominent members in the House of PHD Chamber of Commerce, Asian Games Village. To give semi-final shape to this high power business delegation, again interaction session was organized organized in Eros Hotel, Nehru Place.
After 4 days hectic parlays, a Memorandum of Understanding was signed in Chelmsford Club, New Delhi between Chungbuk Province and Haryana in the presence of Dr. Udit Raj, Mr. Jae Seong Song, President KOINA, Mr. Ik-Soo Lee, Director International Cooperation & Trade Division, Chungcheongbuk-do, Korea Mr. Hyeon-Bong Jang, President INNOBIZ, Dr. Seong Min Lee, Secretary KOINA and Shri Robinder Sachdev, President Imagindia. The function at Chelmsford Club was hosted by Shri Vikram Bahri, CEO, Green Leaf Group.
At present, Korea accounts for only 6% of India’s FDI; Dr. Udit Raj believes that now is the time to change our attitude and start looking towards developed Eastern countries like Korea and Japan as the scope is much higher; we need to change our mindset. Our business, trade and tourism relationship is much stronger with the USA and European countries, whereas Eastern sector is yet to be tapped. Korea is culturally connected to India; in 48 AD, a Princess of Ayodhya sailed to Korea and established the Kim dynasty; currently, 1/10th of the population of Korea is believed to be of the same lineage. When our Hon’ble Prime Minister was on a visit to Korea, the proposal to establish an Indian village in Korea was mooted and received strong support. The interest which our Prime Minister has generated in our Government’s flagship programs such as Make in India, Digital India, Start Up India etc. have brought fruit with this delegation coming to India; they are looking to invest several millions into the Indian growth story in the coming months. We are moving culturally closer and business and trade links have also improving due to such visits.