Gurugram. While welcoming the Korean companies to Haryana, the Chief Minister of Haryana Manohar Lal Khattar has promised to roll out ‘Red Carpet’ for them, and also assured them that the age-old concept of ‘Red Tapism’ did not find a place in this affluent north Indian state.
Red Tapism which denotes long government procedural approvals and clearances, has always haunted the foreign investors and dissuaded them from entering India.
Khattar said this on the sidelines of ‘The India Korea Golf Meet’ held at Gurugram where Trade and economic co-operation was discussed over a Game of Golf.
While addressing the participants of ‘The Meet’ at Gurugram, the chief minister said that in order to make Haryana land of another industrial revolution, a number of reforms have been unleashed. “Haryana is ranked first in North India and third in the Country in “Ease of Doing Business” ranking conducted by World Bank. ‘Red tapism’ has been replaced by red carpet and industries are being provided facilitation in all possible way. Haryana’s Single Window System to provide industrial clearances has been recognized as one of the best systems in India”.
Khattar said that Haryana was witnessing a plethora of expression of investments interests coming from Korean companies, hence it becomes all the more important for Haryana to maintain this healthy relationship.
The senior-most executives of more than 20 Korean companies in Haryana including, Samsung Electronics, Hyosung Corporation, Hyundai, NongHyup Bank, Posco India, Kia Motors, Lotte Confectionary, Orion, Lotte Chem, CJ India, SK Lubricants, Amorepacific, Doosan Power Systems, DY Auto, Shinhan Bank, Woori Bank, K.B. Kookmin Bank participated in this Golf Meet.
Khattar expressed his gratitude towards Korean investors for reposing their faith in Haryana and sought continued preference and investments from them for the State.
He said that Golf is supposed to be a game of precision and the same precision is required in making the investment decision, a precise and well-balanced decision help firm to grow leap and bounds. He reminded the South Korean investors that both India and South Korea have traditionally been close to each other for centuries. In recent years, India and the Republic of Korea have made great strides and has become truly multidimensional, sparred by the significant convergence of interests, mutual goodwill, and high-level exchanges.
Talking about the present era of trade protectionism, Manohar Lal Khattar said, effort by both the countries to take the relationship to next level is highly appreciable, the testimony of the fact is that recently launched policy by South Korea government “New Southern Policy” (NSP) attached primacy to strengthening the country’s economic and strategic relations with India. It was for the first time that South Korea has clearly designed a foreign policy initiative for India and officially documented it. He said that Haryana hosts numerous multinational companies of Korea such as Hyundai, Lotte, Doosan Power, Samsung etc and about 3000 Koreans have found here a home away from home. “Korea has played a very significant role in strengthening the industrial eco-system of Haryana and established us as an automobile hub of the country”, said the chief minister.
The Government of Haryana with Invest India are the organizers of the event and Korea plus, Korea International Trade Association (KITA), HEPC are providing their support. The venue was DLF Golf and country club, Golf Course Road, DLF Phase-5 Gurugram.
The Additional Chief Secretary to Government of Haryana for Industries & Commerce, Devender Singh welcomed the dignitaries and said that this is the first-ever event in Haryana to discuss business over a game of golf, the game popular with the Koreans. He hoped that this engagement will go a long way in strengthening the relations between Haryana and Korea.
Hee-chul Jung, the Chief representative (Director), Korea International Trade Association (KITA) thanked Haryana for organizing this unique event.
He said that India and Korea have a bright future. Prime Minister Mr. Narender Modi met the Korean President Mr. Moon and both leaders agreed over mutual prosperity and share.
“They have decided that South Korea would increase its investment in India from present 21.5 US Billion Dollars to 50 US Dollars by 2030. Both leaders agreed to work for removing all barriers in achieving this target. Presently there are 700 Korean Companies are operating in India and by 2030, India will be home for 2000 Korean Companies. This shows that we love India and expect vice versa.”
Madhumitha Ramanathan, the vice president, Invest India also addressed the gathering.
Others present on the occasion were Haryana Minister for PWD (B&R) and Forest Rao Narbir Singh, city Mayor Madhu Azad, Minister Counsellor, Republic of Korean Embassy, New Delhi Mincheol Kim and Consulate Minister from Embassy of South Korea Yoo Chang-ho were also present among other dignitaries.
Jacy, Jungchule, Director Marketing/ER, POSCO India, Sung Chang Hong, the managing director, NongHyup Bank in India, James Park, Managing Director, LOTTE Global Logistics India were among the senior executives of Korean MNCs. Euy Don Park, chairman, Korean Association in India was also present on the occasion.
