Experts say India can become key manufacturing, export hub for Korea amid global economic shift

India can serve as a prominent manufacturing and export hub for South Korea amid recent shifts in global supply chains, local experts said Monday, as Seoul is pushing to deepen its economic ties with the world's most populous nation. In a meeting with Industry Minister Kim Jung-kwan, experts at major economic research institutes and trade agencies here made the assessment, calling for a detailed strategy to help Korean companies expand their footprint in the Indian market, according to the Ministry of Trade, Industry and Resources. The meeting was held to discuss ways to help the country expand its economic cooperation with India in response to shifts in global supply chains and trade protectionist measures of major economies. The experts said India is emerging as a global manufacturing hub with a population of some 1.4 billion, and a gross domestic product (GDP) of over $4 trillion. Despite such potential, the country as a whole has been a rather difficult market for Korean companies to enter due to the lack of infrastructure and a complicated regulatory system, according to the ministWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times