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'Pune's auto parts industry is the fastest growing market'

Korean consulate general says that they are interested in improving business ties with India

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KOTRA- trade office of the Korean Embassy has opened a gateway for the Indian businessman in the auto-parts industry to interact with their Korean counterparts and explore various business possibilities at the ‘Korea Auto-parts Plaza 2013’ at Hotel Orchid VITS. It is supported by Tata Motors, Fiat India and MCCIA.

The event was inaugurated by Jang Seok-Gu, consulate general of the Republic of Korea, Mumbai, BB Parekh, Tata Motors, Kalpesh Pathak, Fiat India, SK Jain, president of MCCIA and A Sardeshmukh, director general of MCCIA. Jang Soak-Gu said, “Korean auto parts industry has a reputation around the globe. This exhibition is an effort to bring them here and to groom the Indian market.” Pune’s auto parts industry is the fastest growing market in India. This market has a huge demand of auto parts and we are hoping to develop business relation between two countries. This collaboration will defiantly have fruitful outcome,” he adds.

Jang Soak-Gu said that many Koreans employees in India prefer to work in Pune compared to Mumbai because of the weather and living conditions.

However, they prefer Maharashtra as a base since Mumbai is the economic capital. When asked about tie ups, Jang Soak-Gu seemed interested yet he felt that there are “certain issues” related to government and their system of functioning. “There are issues like taxation which needs to be resolved. Though I do not wish to comment on my counterparts and the system they follow,” he said. He expressed his gratitude towards Indian government and also Tata Motors, Fiat India and MCCIA, for organising this delegation and said he would be happy to attend such events later.
Jang Soak-Gu also exhibited his joy regarding India housing so many Koreans as students and working professionals.

“We have over 200 students in Pune university and there have been instances of Korean Buddhists visiting Aurangabad. In Mumbai, Indian students are part of Korean music and dancing art forms. I would like to invite Puneites for such cultural events,” he says.

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