The Indian Chamber of Commerce in Korea (ICCK) and the Korea Non-ferrous Metal Association (KONMA) signed a mutual cooperation agreement on June 3 to promote exchanges between member companies and explore markets.
The agreement ceremony, which was held to mark the 14th Non-ferrous Metal Day, was attended by Sachin Satpute, chairman of the ICCK, Lee Je-joong, chairman of the KONMA, and Vice Minister of Trade, Industry and Energy Park Jin-kyu.
Last year, Korea’s non-ferrous metal industry achieved $11 billion in exports, up 0.4 percent from the previous year, despite the difficult situation of Covid-19.
Through this agreement, both sides said they will support companies to secure growth engines in preparation for the post-corona era.
"Prime Minister Modi's make-in-India policy is a good opportunity for Korean companies to grow in India, and companies from both countries are interested in investment and trade," said Chairman Sachin Satpute. "The Indian Chamber of Commerce in Korea is happy to cooperate with the Korea Non-ferrous Metal Association."