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India and South Korea have launched Korea Plus, a special platform to promote and facilitate Korean Investments in India.
“Korea Plus will act as a mediator in arranging meetings, assisting in public relations and research/evaluation and provide information and counselling to Korean companies investing in India,” a Commerce Ministry release stated. India already has a similar initiative with Japan.
Nirmala Sitharaman, Minister for Commerce and Industry, and her Korean counterpart Joo Hyunghwan launched Korea Plus on Saturday. Korea Plus will cover the entire investment spectrum including, supporting Korean enterprises entering the Indian market for the first time, looking into issues faced by Korean companies doing business in India and policy advocacy to the Indian Government on their behalf, the release added.
An MOU for establishing Korea Plus was signed in January 2016 following Prime Minister Narendra Modi's visit to South Korea in May 2015.
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