The Indian Chamber of Commerce in Korea (ICCK) joined hands with Korea Nonferrous Metal Association (KONMA) to support each other’s member companies and to explore markets for Nonferrous Metal Industry Companies.
Indian Chamber of Commerce in Korea (ICCK) signed a Memorandum of Understanding (MOU) with Korea Nonferrous Metal Association (KNMA) on Thursday, June 3rd 2021.
At this MOU ceremony, 60 people were presented including Mr. Sachin Satpute, Chairman of ICCK (President of Novelis Asia) and Mr. Lee Je Joong, Chairman of KONMA along with Mr. Park Jin-Kyu, vice minister of MOTIE.
The Korea Non-Ferrous Metals Association celebrates its anniversary on 3rd June of every year as ‘Nonferrous Metals Day’ and holds an event to share the importance of the non-ferrous metal industry and to share pride. Last year, the non-ferrous metal industry had exports of $11 billion, which was an increase of 0.4% despite the pandemic situation of COVID-19. The Indian Chamber of Commerce in Korea will collaborate with the Korea Nonferrous Metals Association to ensure that companies should continue to increase their growth and post pandemic also it will support to do so.
Mr. Sachin Satpute, Chairman of ICCK (President of Novelis Asia), commented “The Make in India Initiative started by Prime Minister of India Shri Narendra Modi is a great opportunity for all Korean Companies to grow in India. Now, there is a growing interest between the business communities from both the countries for the investment and trade promotion. ICCK will be happy to collaborate further with Korea Nonferrous Metal Association to support our vision of economic development and trade promotion between India and Korea.”
The Indian Chamber of Commerce in Korea, officially launched in January 2010, is working with the Embassy of India to ROK and the Indian government to promote economic development and to improve the quality of trade between Korea and India. Also, ICCK supports the growth and development of its member companies by providing useful information related to trade and investment and by holding various events 20 times a year such as seminars, B2B/G2B meetings, networking events, roadshow and delegation camps to India.