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Samsung expands Vietnam factory to increase foldables production
Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.Read more
India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more
Sandhar Technologies forms JV with Korea’s Hanshin Corp for data cables in auto
JV will manufacture futuristic high end data cables for auto industry in India for the four-wheeler segmentRead more
Kixx bags Korea First Brand Awards; appoints Shikhar Dhawan as brand ambassador
As part of a strategic move and to make brand a household name in the premium lubricants’ category in India, GS Caltex India has recently signed Shikhar Dhawan, as their brand ambassador.Read more
Kia Motors hosts supplier meet in Delhi
Korean car maker is investing $ 2 billion in India and is building a manufacturing facility with production capacity of 300,000 vehicles per year in Anantapur, Andhra PradeshRead more
A new era in India - Korea digital partnership: Ravi Shankar Prasad
The post liberalisation era in India saw the arrival of three Korean companies - Hyundai, Samsung and LG, which transformed the face of the automobile, consumer electronics and high end electronics market in India. Read more
Korea to partner Maharashtra for smart cities & villages, SMEs & start-up hubs
Maharashtra State Industries Minister Mr Subhash Desai and KOTRA Vice-President Mr Kim Doo Young inaugurated Korean Expo 2016 at the Bombay Exhibition Centre. Korea is amongst the Top 6 (it was Top 7 in 2015) import sources for India during January-September 2016 with India importing a total of US$ 8.9 billion (-8.7%) as compared to US$ 9.8 billion in 2015 (Jan-Sep).Read more