Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-01-20

South Korean President calls for better cooperation among Korean and Indian SMEs

South Korean President Park Geun-hye who was on a four day visit to India last week has called for liberalising visa regime and improving business cooperation among small and medium enterprises to create more jobs in India as well as South Korea.

South Korean President Park Geun-hye who was on a four day visit to India last week has called for liberalising visa regime and improving business cooperation among small and medium enterprises to create more jobs in India as well as South Korea.

 

Addressing Indian industry bodies and associations in New Delhi, she said that the Indian government's environment clearance to the Rs 52,000 crore Posco steel project will inspire other big companies to invest in the country.

 

"When the Posco project in Orissa kicks off on full scale, it would inspire other large conglomerates in Korea to channelise investible funds into India," the President said.

 

Referring to the Comprehensive Economic Partnership Agreement, signed in 2009 and operationalised in 2010, Geun-hye said there is a need to negotiate it with authenticity to help businesses from the two sides to reap the benefits of CEPA.

 

"Since the operationalisation of CEPA, trade in volume terms has risen 70 per cent but the agreement leaves much to be desired. Its content does not match with that of other FTAs," Geun-hye said.

 

There is enough potential to raise the level of trade and investment to much higher levels through optimum utilisation of the CEPA and liberalisation of the visa regime for greater people-to-people contacts, she added.

 

The Commerce Ministry earlier last week commissioned a study to assess the impact of free trade agreement (FTA) with South Korea, with which India had a trade deficit of about $9 billion in 2012-13.

Related opportunities
  • Quick Service Restaurants
    About Us: Ghungroo seth Vada Pav Co. - a growing venture..
    Locations looking for expansion rajasthan
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater jaipur rajasthan
  • E-Commerce & Related
    MOS Utility Private Limited is offering franchise with high potential..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 10000 - 50 K
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Malad west Maharashtra
  • Juices / Smoothies / Dairy parlors
    About Us: At Lassi Corner, we strive to help people transform..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Tea and Coffee Chain
    About Us: The brand Chachago was created to raise public awareness..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts