India in the Republic of Korea

Invest India heads to the Republic of Korea to explore synergies and avenues of partnership between Indian and Korean industries. We invite you to join our team to discuss the vast India opportunity and facilitate your journey into this vibrant, emerging market!

Event Highlights:

  • Seminar on India opportunities
  • Roundtable discussion on June 24th for Financial Institutional Investors
  • Strategic one-on-one meetings to discuss your India plans & facilitate support for grounding of investments
  • Focus sectors: Automotive & Auto components, Financial Institutional Investors, Electric Mobility, Electronics, Chemicals, Textiles, Food Processing, Retail & E-Commerce

When and Where

Looking forward to see you to our road show. Below are the details which will you to be there:

24th Jun - 28th Jun 2019
11:00 AM
Seoul, Republic of Korea

India-Republic of Korea relations have made great strides in recent years and has become multifaceted, spurred by a significant convergence of interests, mutual goodwill and high-level exchanges. The ever-expanding canvas of their economic partnership has lead to the strengthening of cooperation in sectors such as energy, electronics and shipbuilding.

    • The year 2018 marked 45 years of successful diplomatic ties between India and the Republic of Korea. The bilateral consular relations established between the two nations in 1962, were upgraded with Ambassador appointment in 1973. 

    • With the visit of the Prime Minister of India to Korea in 2015, the bilateral relations were upgraded to a ‘Special Strategic Partnership’. Korean President Moon Jae-In’s ‘New Southern Policy’ compliments India’s ‘Act East Policy’ as both seek to strengthen economic relations between the two nations.

    • In 2019, Prime Minister of India inaugurated the ‘India-Korea Startup Hub’ to increase cooperation in fields of research, innovation and entrepreneurship. Six MoU's were also signed between the two nations to strengthen collaboration between their law enforcement agencies and to promote bilateral cooperation in road and transport infrastructure development.

    • The Republic of Korea is the 14th largest FDI investor in India, investing $ 3.69 bn during April 2000 - March 2019. Metallurgy, automobile, electronics, prime movers, machine tools, hospital and diagnostic centers are the top sectors which attracted the investment.

    • Bilateral Trade touched $ 19.7 bn during 2018-19 (till February). Imports from Korea were valued at $ 15.3 bn and exports at $ 4.3 bn during 2018-2019 (till February). Auto components, telecom equipment and iron and steel products are key areas for imports while non-ferrous metals, petroleum and related products and textiles form the bulk of exports.

    • Republic of Korea and India signed the CEPA Free Trade Agreement in 2009, which became operational from 1st January 2010. In addition, the Indian Chamber of Commerce in Korea was established in 2010 to support Korean companies interested in doing business in India.

    • India has extended a visa-on-arrival facility for Korean tourists from 2014 to boost travel between the two countries. Bilateral Civil Aviation Agreement of 1994 was revised in 2015 to increase weekly flights between two nations to 19.

    • Sarang, the annual festival of India in Korea was initiated in 2015 to showcase diverse Indian culture and art forms in various parts of the Republic of Korea.

    • The Indian Council for Cultural Relations in Seoul and Busan promotes Indian culture in the country offering classes in yoga, dance, Hindi language, music and cooking. The Korean Cultural Centre plays a major role in introducing Korean culture in India by offering Korean language classes and hosting festivals, exhibitions and competitions.

Prominent Investments

Korea in India

Hyundai

Hyundai Motors is the second-largest car manufacturer and one of the leading car exporters in India. Hyundai Motors India produces ~7 lakh cars ...Read more

POSCO

POSCO India is a wholly-owned subsidiary of POSCO. In 2005, POSCO India was incorporated to promote investment in steel, considering the high growth ...Read more

Samsung India Electronics

Samsung India is the Regional Headquarters for Samsung’s Southwest Asia operations. The Company has invested about $ 1.1 bn in India. It operates 2 ...Read more

Kia Motors

Kia Motors is one of the leading Automobile manufacturers from South Korea. The company is in the process of setting up its manufacturing facility in ...Read more

LG Electronics

Operates two factories in India, one each in Greater Noida and Pune. Manufacturing unit at Greater Noida is one of the eco-friendliest units among ...Read more

India in Korea

Novelis

A subsidiary of Hindalco Industries, the flagship company of the Aditya Birla Group acquired Alcan Taihan Aluminium in January 2005. Novelis holds 68 ...Read more

Tata Motors

The Company acquired Daewoo Commercial Vehicle based in Gunsan, Korea for a total price of KRW 120 bn (approximately $ 102 mn) in March 2004. Its ...Read more

Mahindra and Mahindra

The Company in August 2010 acquired a majority stake in ailing Ssangyong Motors with an estimated investment of about $ 360 mn. Its cumulative ...Read more

Investible Projects

Explore Opportunities

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  •  
    Projects

    4333

  •  
    Opportunity

    $181.9 bn

  •  
    Promoters

    621

  •  
    District

    585

  •  
    Private Projects

    213

  •  
    Govt. Projects

    4120

open

$210.82 mn

Super Mega Food and Herbal Park Project [Yamuna Expressway]

State (s) Uttar Pradesh
Sector Food Processing
open

$75.9 mn

Sugar Project [Kannauj]

State (s) Uttar Pradesh
Sector Food Processing
open

$70.28 mn

Mega and Medium Food Park Project [Odisha]

State (s) Odisha
Sector Food Processing
open

$50.6 mn

Sugar Project [Bijora]

State (s) Maharashtra
Sector Food Processing

Recent Investments

BigBasket raises funds from Mirae Asset, CDC and Alibaba

Supermarket Groceries Supplies owned and operated online grocery portal BigBasket has raised $150 mn funding from Seoul based Mirae Asset - Naver Asia Growth Fund, CDC Group and Alibaba Group. These funds will be used to expand its presence in existing markets, scaling up supply chain, and developing new reseller channels.

Cashfree raises funds from Smilegate and Y Combinator

Banking services India - based startup Cashfree has closed funding round at $ 5.5 mn led by Smilegate Investments, affiliated to Korean games firm Smilegate and US accelerator program Y Combinator. Cashfree will use these funds to double its banking services and introduce an integrations solution, as well as expand its presence

Redwood Global Healthcare fund invests $ 7.2 mn in online pharmacy 1mg

South Korean investment firm Redwood Global Healthcare Fund acquired shares of online pharmacy 1mg in a funding round. Redwood led the round with investments worth $ 7.2 mn of the total $ 10 mn raised.

Hyundai, Kia invest $ 300 mn in Ola for EVs, smart mobility solutions

Korean automobile major Hyundai and its subsidiary Kia have together invested $ 300 mn in ride-hailing company Ola to jointly develop electric vehicles ecosystem and fleet services for global markets. Under the partnership, the three companies will aim to develop mobility solutions and EV charging infrastructure customised for Indian market.

Kia's first manufacturing facility in India begins trial production of its SUV

The auto giant Kia Motors has set up their first car manufacturing plant in India in Anantapur district of Andhra Pradesh with an investment of $ 1.1 bn. The factory is expected to roll out its first car in the second half of 2019 and it will have an annual capacity of 300,000 units.

Hyundai plans new plant for EVs in India

Hyundai Motors plans to invest about $ 980 mn in a new vehicle production capacity in the Indian state of Tamil Nadu. Scheduled to become operational by 2021, the investment is expected to create 1,500 direct jobs initially

Mirae Asset raises venture capital for Zolostays

Bengaluru-based co-living startup Zolostays has raised $ 30 mn in Series B funding led by Mirae Asset, a leading independent financial services group from the Republic of Korea, IDFC Alternatives and Nexus Venture Partners.

Dorco makes first India investment with 10% stake in LetsShave

Chandigarh-based LetsShave has raised fresh funding from leading Korean razor blades manufacturer Dorco against a 10% stake. The company plans to expand its online business and product portfolio.

Mumuso to open 300 stores in India by 2022

The Korean lifestyle brand entered India in September 2018 with its flagship store in Kolkata. The company expects to invest over $ 110,000 and offer 1,200 unique items across eight categories in the Indian market. Currently, Mumuso has one warehouse in West Bengal and plans to increase this number alongside expansion.

Korea Plus

Korea Plus is a bilateral initiative between the Republic of India and the Republic of Korea to promote, facilitate and retain Korean investments in India. It is envisaged as the first reference point for Korean Investors in India.

Key Functions

  • Opportunity assessment
  • Policy and incentive advisory
  • Location assessment
  • Market entry strategy
  • JV and strategic partner research
  • Approvals and compliance advisory
  • Issue redressal support
  • Expansion advisory
  • Policy impact analysis

Team Advantages

  • Nodal agency between investors and government

  • Joint team of investment experts from both countries

  • Business advisory

  • One-stop-agency for Korean investors

  • End-to-end facilitation

India-Korea Grand Challenge

  • final gif
  • Automobile

    • 4th 

      largest car manufacturer

    • 5th

      largest automobile producing nation

    • $ 100 bn

      Current value of Indian Automobile Industry

      • Largest two-wheeler and three-wheeler manufacturer
      • 2nd largest bus manufacturer 
      • 3rd largest heavy trucks manufacturer  
      • Employs 32 mn people both directly and indirectly
    Visit Sector 2Investible Projects
  • Electronic Systems

    • $400 bn

      Value of Indian electronics market by 2025

    • 19.5%

      Projected CAGR of the sector during 2016-20

    • 2nd

      largest smartphone market

      • Opportunities across Electronics, Technology and Telecom sectors to reach $ 1 tn by 2024
      • Fastest growing smartphone market in the Asia Pacific
      • Consumer Electronics and Appliances Industry expected to become fifth largest by 2025
    Visit Sector 11Investible Projects
  • Textile and Garments

    • 2nd

      largest exporter of textiles and apparel 

    • 95%

      of the world's hand-woven fabrics are made in India 

    • $300 bn

      Indian textile exports by 2024-25

      • Largest producer of cotton and jute
      • 2nd largest producer of polyester, silk and fibre
      • Contributes 27% to the country's foreign exchange inflow
      • Employs over 52 mn people directly and 69 mn people indirectly, the 2nd largest employer in India
    Visit Sector 8Investible Projects
  • Chemicals

    • 3rd

      largest consumer of polymers in the world

    • $304 bn

      Value of Indian chemical industry by 2025

    • 6th

      largest producer of chemicals in the world

      • 3rd largest producer of chemicals in Asia, with an estimated industry size of $ 139 bn
      • 4th largest producer of agrochemicals in the world
      • Supplies 16% of the global dyestuff and dye intermediates
      • Speciality chemicals market to reach $ 70 bn by 2020
      • Petrochemicals market expected to grow at CAGR of 10% to reach $ 100 bn by 2022
    Visit Sector 36Investible Projects
  • Food Processing

    • 2nd

      largest producer of fish

    • 2nd 

      largest producer of horticulture crops

    • $828 bn

      Expected value of Indian food and retail market by 2020

      • Largest producer, consumer and exporter of spices
      • Largest producer of milk
      • 299 cold chain projects have been approved, of which 135 are operational
      • Pradhan Mantri Kisan SAMPADA Yojana, a government scheme, was formulated for creating a modern infrastructure with efficient supply chain management from farm gate to retail outlet
      • 42 upcoming Mega Food Parks under Mega Food Park Scheme
    Visit Sector 35Investible Projects

About Us

Invest India

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  • The UNCTAD Award 2018 for promoting investment in sustainable development
  • Great Place to Work Certification by GPTW Survey 2018
  • Best Investment Project Award three years in a row - 2016, 2017 and 2018 at the Annual Investment Meeting (AIM) organized by the Minist…
  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)
  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment…