As one of the earliest foreign investors in India, South Korea has been an aggressive yet enthusiastic investor and has continued to maintain its confidence in India’s potential. Both the countries are planning to expand their business ties with an aim to double bilateral trade by 2030 and urged to step up investments and promote start-up ventures.
India is a potential market for start-ups and is witnessing a surge in Korean companies investing in the Indian market. Tapping on the thriving Indian start-up ecosystem, the Korean government is working progressively towards building incubation centres to support both Korean and Indian start-ups in India and helping them maintain successful business. The incubator is to give support to Korea and India start-up for better cooperation, free exchange of information, technical knowhow and more. Ministry has also stressed upon establishing a start-up hub in India for various programs for Korean-India’s start-up where India is a rising market, with rich and valuable human resources. |