FM highlights infra projects to Korean investors.

Finance Minister Arun Jaitley has held a series of meetings with corporate heads and called on Korean investors to venture into the Indian market.

He met with the senior leadership of premier Korean companies including the Vice Chairman of Hyundai-Kia, CEO of Samsung Electronics, Chairman of Hyosung Group, Managing Director of Hanwha Group, Chairman of Doosan Heavy Industries and the CEO of Hyundai Rotem.

The Minister also separately met, over breakfast, leaders of Korea’s financial industry including the CEOs and CIOs of the Korean Investment Corporation, Korea Post, KB Financial Group, Shinhan Group, Woori Bank, Mirae Asset, Nonghyup, and Military Mutual Aid.

Jaitley also addressed an India-Korea Business Meeting at the Lotte Hotel, co-hosted by the Korean Chamber of Commerce & Industry (KCCI), Embassy of India and Federation of Indian Chambers of Commerce (FICCI).

It was attended by over a hundred representatives of Korean business and industry, urging them to consider investing in India, noting that Korea makes up the largest portion of foreign direct investment flowing into the country.

Jaitley is visiting Korea to participate in the second Asian Infrastructure Investment Bank annual meeting June 16-18.

Jaitley also noted how India was making the necessary policy decisions to house more investment from abroad, particularly from Korea — more than 400 Korean firms are currently investing in India.

India is looking for strong partners to help upgrade its national infrastructure, such as roads and railways.

Currently, around 250 highways are being built in India, while a minimum 400 train stations are being renovated.

India is hoping to attract more Korean firms to help make these changes possible, said Jaitley. fii-news.com