Home / Knowledge / News / Textiles / Korea Plus channel to facilitate investment in India
Korea Plus channel to facilitate investment in India
19
May '15
Narendra Modi (left) and Park Geun-hye/Courtesy: PIB
Narendra Modi (left) and Park Geun-hye/Courtesy: PIB
The Government of India would establish a Korea Plus channel to facilitate South Korean investment and operations in India. This was disclosed by visiting Indian Prime Minister Narendra Modi at a joint press briefing with Korean President Park Geun-hye.
 
“We had extensive discussions on our economic relations,” and “President Park and I see vast opportunities for Korean companies to participate in our ‘Make in India’ mission,” said Modi.
 
Stating that many Korean brands are household names in India, Modi said Korean companies have the edge to succeed in India.
 
Both leaders shared the view that India-Korea bilateral trade is modest and well below its potential. They agreed to review the Comprehensive Economic Partnership Agreement and other market access related issues.
 
Later, speaking at the India-Republic of Korea CEOs Forum, Modi said Korea Plus will be a dedicated mechanism for hand holding of Korean investors. Modi also assured the CEOs of his personal attention if there are any issues.
 
During the visit, both nations signed 7 agreements/MoUs in various areas. These include an agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income. Under this, India-Republic of Korea Double Taxation Avoidance Convention, signed in 1985, has been revised with a view to avoiding the burden of double taxation on taxpayers in the two countries. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

China reportedly cancels trade talks with US, Liu He visit

Apparel/Garments | On 22nd Sep 2018

China reportedly cancels trade talks with US, Liu He visit

Washington is reportedly positive about arriving at a solution to its ...

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

Interviews View All

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search