The 7th edition of SoftWave-2022, a Korean Software fair, was held on Dec. 7 at COEX, Seoul by Korean Minister of Science and ICT Lee Jong-ho.
Ambassador Amit Kumar of India in Seoul was invited for the inaugural ceremony. He also joined the Minister in the tour of the exhibition including the India pavilion.
They, along with An Cheol-su, Member of the National Assembly, Lee Sang-min, Member of the National Assembly, Cho Jun-hui, President of Korea Software Industry Association and Yang Seun-guk, CEO of ET news, participated in the ribbon cutting ceremony.
Ambassador Kumar conveyed his best wishes for a successful event and referred to the enormous opportunities for collaboration in IT, IteS, digital technologies, broader spectrum of digital services and applications between India and Korea. He also mentioned how Indian IT professionals are adding value and innovation to Korean companies such as Samsung, Hyundai, Coupang etc.
Ambassador Kumar separately met Minister Lee and discussed ways to advance science and technology cooperation, including through the existing bilateral mechanisms in S&T field. He also briefed the Minister on initiatives in the area of digital governance and transformation in India including creation of public digital platforms like UPI, ONDC etc. They also discussed growth of digital technologies in the areas of health, education, Govt services, and etc.
Ambassador Kumar later visited the India pavilion, interacted with the Indian software companies and assured them of all facilitation as our exporters seek growth in the RoK market. This year, 20 promising Indian companies are participating in Softwave-2022.
The following is the full-text of Ambassador Amit Kumar’s remarks for SOFTWAVE 2022
Mr. Lee Jongho, Minister of Science and ICT
Mr. An Cheolsu, Member of the National Assembly
Mr. Lee Sangmin, Member of the National Assembly
Mr. Huh Seonguk, President of National IT Industry Promotion Agency
Mr. Kim Myeongjun, President of Electronics and Telecommunications
Mr. Cho Junhui, President of Korea Software Industry Association
Mr. Yang Seunguk, CEO of Electronic Times Internet (Etnews)
I am delighted to be present here at the inaugural ceremony of ‘Korean Software fair’ SOFTWAVE 2022, which has been held since 2016. It provides an important platform for software companies to showcase their capabilities as well as for networking and promoting business opportunities.
Today, India’s competence in IT including in computer software and information technology-enabled services is recognized globally. Indian IT firms and professionals are well known for their technical skills, domain knowledge, expertise and innovation and their ability to work on different digital platforms and systems. We are very happy to see that more than 20 Indian companies are participating at SOFTWAVE 2022.
Multinational companies from around the world have collaborated with Indian IT companies in sectors such as integrated chip design, system software development, research & development centers, technology support sectors, etc. South Korean companies like Samsung, Hyundai and Coupang have hundreds of Indian IT and technology professionals, who are adding value and innovation in their enterprises.
As the digital footprint grows in almost every sector of the economy, the role of software companies in areas such as Data Analytics, AI, Cloud services, Digital manufacturing, Digital Education, Digital Apps, Internet of Things, will only grow even more significantly.
In India, the IT and ITES sector provides direct employment to around 5 million people and indirect employment to around 12 million people. In the last financial year, India’s export of IT and ITES was estimated to be USD 190 billion. It is also an important catalyst for the Indian economy and our national efforts to promote digital infrastructure. Their contribution to GDP at around 7.4 percent is expected to climb 10% of India’s GDP by 2025. Digital transformation is a key pillar of our G20 Presidency as well.
India and the Republic of Korea are pursuing a special strategic partnership underpinned by a shared vision for peace and prosperity for peoples.
Economic and commercial engagement is an important integral aspect of our wide ranging relations. Since both India and the Republic of Korea are prioritizing Digital transformation, there will be far greater opportunities in the future for collaboration among our companies and for export of software services to Korea. I look forward to deepening these ties and consolidate our Partnership as we mark 50 years of establishment of diplomatic relations next year.