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  • ‘Make in India’ mantra with Korean CEOs

    Published on May 20, 2015

    Modi and ceoPM Narendra Modi shared his government’s Make in India mantra with Korean CEOs and assured that India is pulling out all stops to provide a conducive atmosphere for business.

    PM also highlighted the Korea Plus initiative to facilitate Korean investment in India The prime minister addressed the first meeting of the newly set-up India-Republic Of Korea CEOs forum in Seoul.

    In an attempt to woo Korean investors, PM Modi said his government has taken steps to improve the business environment in India.

    He also called on Korean investors to help India achieve economic success…

    Prime Minister Narendra Modi also highlighted the potential for cooperation between India’s software and Korea’s hardware industry.

    Prior the forum, Prime Minister Modi also held one on one meetings with CEOs of 7 top Korean companies in Seoul.

    The prime minister met Chung Mong Koo, chairman of Hyundai… which is the 2nd largest automobile manufacturing company in India.

    Choi Kwang, Chairman of South Korea’s national pension service also met the Prime Minister… The National Pension Service of Korea is a public pension fund for South Korea and the fourth largest in the world with $300 billion in assets.

    Vice-Chairman of LG Bon Joon Koo too called on PM Modi… India is the 5th largest market for LG in white goods.

    Steel major Posco chairman Kwon Oh Joon also called on PM… With an investment in Asia, Posco is India’s biggest Foreign Direct Investment.

    Dae-young park, President and CEO of samsung Heavy industries met PM Modi and discussed for cooperation in shipping and heavy industries.

    President and CEO of Samsung electronics, one of the largest manufacturing company in the world in Semiconductors met the Prime Minister too.

    Chairman of Lotte Dong Bin Shin, one of the major retail marketers in the world too called on PM Modi and discussed about strengthening business ties..

    PM Modi continued with his efforts to grasp finer points in areas of Indian interest.

    Before wrapping up his South Korea visit, Prime Minister Narendra Modi also visited Hyundai Heavy Industries in Ulsan with an aim to seek increased partnership between Indian shipyards and the South Korean gian… The prime minister was received by Kil Seon Choi, Chairman and Kwon Oh-gap, President of Hyundai Heavy Industries besides Mayor of Ulsan Kim Gi Hyeon.

    The Prime Minister spent about an hour there and discussed various ways to expand cooperation in naval defence, LNG carrier construction and shipbuilding technology.

    South Korea is a world leader in LNG Carriers construction and India seeks the technological edge to make optimum use in enhancing its domestic production.

    The prime minister also signed visitor’s book at the Hyundai Heavy Industries Shipyard.

    PM Modi’s visit to South Korea is an another effort by PM Modi to further give a fillip to India’s economic and political positioning to make India a global manufacturing hub.

    With the kind of reception & welcome he has been accorded there, it can be safely presumed that his intentions have been aptly reciprocated.