AMN / NEW DELHI
Union Commerce Minister Piyush Goyal has said that Foreign Direct Investment, FDI in India has been growing rapidly over the last few years. Virtually addressing the 4th edition of the India-Korea Business Partnership Forum in New Delhi, Mr. Goyal said, India has today become an attractive and preferred destination for investments. He invited South Korean entrepreneurs to invest in new sectors like Defence and Retail.
The Minister said, there is a need to complement the complementary strengths in Automobiles, Textiles, Food processing, Leather Products, Metals, Mining, Chemicals and also through some of the traditional sectors like Steel and look at new emerging opportunities in Defence, e-Commerce and Retail.
He said, Prime Minister Narendra Modi’s Make in India initiative is complemented by Korean President Moon Jae-in’s New Southern Policy. Mr. Goyal said, many Korean companies have leveraged the opportunities that India has to offer to Make in India for the world using the competitive and comparative advantages of skilled manpower, low-cost manufacturing and the Government support that is provided for businesses in India.