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Huge opportunities exist for Korean investors in India’s startup ecosystem: Piyush Goyal

by Economy India
November 12, 2021
Reading Time: 2 mins read
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Huge opportunities for Korean firms in India’s startup ecosystem: Piyush Goyal

Huge opportunities exist for Korean investors in India’s startup ecosystem and both countries need to increase collaboration in sectors such as automobile, textiles, food processing, and chemicals to enhance economic ties, Commerce and Industry Minister Piyush Goyal said on Friday.

The minister also invited Korean businesses to invest in India.

“Korean investors and the startup ecosystem I believe can find huge opportunities in India’s startup ecosystem.

We need to complement our strengths in automobile, textiles, food processing, metals, mining, chemicals and also grow some of our traditional sectors like steel,” he said at the fourth edition of the India-Korea Business Forum.

He said the government has recently launched a National Infrastructure Pipeline with projects worth over a trillion dollars and it can provide opportunities for companies.

“Today India is the preferred destination for investments. Our exports are at an all-time high, our economy is bouncing back and will possibly see one of the fastest growth rates across the world,” he added.

Piyush Goyal informed that nearly 15,000 Koreans call India their home and about 12,000 Indians live in Korea. (The Economic Times)

Tags: Business Updates on Indian EconomyCommerce and Industry MinisterCurrent Updates of Indian EconomyEconomic Development of IndiaEconomy IndiaEconomy India UpdatesEconomy NewsEconomy News of IndiaEconomy News Portal of IndiaEconomy News UpdatesEconomy Updates from IndiaEcosystemIndia EconomicIndian EconomyIndian Economy OutlookIndian Economy UpdatesKorean InvestorsLatest Development on Indian EconomyLatest Updates on Indian EconomyNews Around Economy of IndiaNews on Indian EconomyNews on World of Indian EconomyOverview of Indian EconomyPiyush GoyalRecent Development in Indian Economy
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