India: New Future in Infrastructure & Manufacturing
Consequent to general elections, a new Indian government, led by Prime Minister Mr. Narendra Modi, assumed office on 26 May 2014. The preceding weeks have seen significant capital inflows into the country. India’s stock market has touched a lifetime high as business sentiment, at home and abroad, has received a huge boost. Korean industry, as also industry in other countries, have welcomed the stated policy of the government to expand India’s manufacturing base and infrastructure, as well as, create a more conducive business environment. Korean companies have already invested close to $5 billion and are open to scaling up their presence in India. We see Korea as a key developmental partner of India. Thus, in order to provide more details of the changes underway, the Embassy of India is organizing a major business symposium in Millennium Hilton Hotel, Seoul on Friday 29th August 2014, in association with Standard Chartered Bank, ICCK (Indian Chambers of Commerce in Korea), Asia Society, Korea Center and the Mahindra & Mahindra Group,
Mr. Anil Wadhwa, Vice Minister in the India Ministry of External Affairs would be the key-note speaker. Another highlight would be a presentation by Mr. Talleen, Kumar, CEO of Delhi Mumbai Industrial Corridor (DMIC). This biggest State-Sponsored Industrial Development Project in independent India, aims to develop new industrial & technological "Smart Cities", across six states, from the capital Delhi to the financial capital Mumbai.
Over 100 executive level representatives of major Korean companies in the infrastructure and manufacturing sectors (especially electronics, IT and communications) are expected to participate in the symposium.