The first international delegation led by Mr. Ravi Saxena, IAS, Additional Chief Secretary, Government of Gujarat to promote the
Vibrant Gujarat 2011 investment summit and invite investments into Gujarat, has received overwhelming response with the participation of
about 80 Korean companies and trade associations in the roadshow that was organized on 16th August at Seoul.
“Senior representatives from several companies like Samsung, Ssangyong Engineering & Construction Co. Ltd., S K E&C, Hanwha Group, Korea
Importers Association, Korea Land & Housing Corporation, Daewoo E & C and Korea Maritime Institute amongst others were present during the
roadshow” informed Mr Ravi Saxena, while speaking from Seoul on Tuesday.
“The roadshow was followed by B2B meetings with companies and associations like Honam Petrochemcial Corporation, Samsung
Constructions and Technology, Hyundai Heavy Industries, Small and Medium Business Corporation and Busan Port Authority amongst others”
Mr Saxena added.
The delegation is currently in Korea. His Excellency Mr. Skand R Tayal, Ambassador of India to Korea gave the inaugural address and set
the platform for discussions on developing business relationship between Korea and Gujarat. Mr. Ravi Saxena said that there are several
avenues of investments for Korean companies in Gujarat in the sectors of infrastructure development, IT devices, networks and applications,
petrochemicals, renewable energy, shipbuilding and healthcare. Specific opportunities in the sectors of port and port led development
and petrochemicals sector were discussed.
The delegation came to Korea after organizing a successful roadshow at Taiwan and business meetings with several companies like Chungwa
Telecom Co. Ltd., Transcend Information, Inc., TSRC Corporation, Chinese National Association of Industry and Commerce, TECO Group,
Gartner, LCY Corporation, Gemtech, Foxconn Technology Group and CPC Corporation. Some of these companies have shown keen interest in
attending Vibrant Gujarat 2011 event and investing in Gujarat.
The delegation to Taiwan and Korea is comprised of Mr. Pankaj Modi, COO, Mundra Port And SEZ Ltd., Mr. Sunil Parekh, Advisor, Zydus
Cadila, Mr. P K Johri, Chief Executive Officer, ONGC Petro Additions Limited (OPAL), Mr. Rajiv Vastupal, Chairman, Rajiv Petrochemicals,
Mr. Sunil Kakkad, Chairman, Sai Info Systems, Mr. Pankaj Saran, Chief Executive Officer, Gujarat Vittal Innovation City, Mr. Pratul Shroff,
Chief Executive Officer, e-infochips Ltd., Mr. Dibyendu Deepak, Senior Business Analyst, OPAL and Mr. Jaimin Vasa, President, Gujarat
It is to be noted that Government of India has embarked on a ‘Look East’ policy and South Korea offers several business opportunities.
The South Korean President Mr. Lee Myung- Bak was the chief guest during the republic day celebrations of India this year. This is an
evidence of strong growing relationship between the two countries and both countries are looking at strengthening the business relations
after signing of the Comprehensive Economic Partnership Agreement last year. A target of increasing the bilateral trade to USD 30 billion by
2014 has been set by both the countries. Several Korean companies are looking at investments in India. It seems, therefore, opportune that a
business delegation from Gujarat is visiting Korea to discuss collaboration avenues.
Eight other similar delegations will be visiting countries around the world in during the months of August and September to promote Vibrant
Gujarat 2011 event and inward investments to the state.