Korean Expo 2016 on December 19 and 20 in Mumbai

In view to further strengthen bilateral economic ties, Korea Trade Investment Promotion Agency (KOTRA), in association with FICCI, is organising Korean Expo 2016 between December 19-20 in the city.
Hosted by Korea's Ministry of Trade, Industry & Energy, Korean Expo 2016 is a consumer and trade focussed exhibition featuring 1,000 plus premium products from 100 plus exhibitors showcasing household goods, beauty and fashion products; electronic items; wellness and medical products; industry material and machine equipment amongst others.
More than 10,000 visitors from India including hundreds of overseas buyers from Middle East, Russia, Egypt, Kazakhasthan, Bangladesh, Sri Lanka and South-west Asia are expected to attend the show.

"The expo is bigger than ever before after Commerce Minister Nirmala Sitharaman launched Korea Plus, a platform for promoting and facilitating South Korean investments in India following the review of free trade agreement called Comprehensive Economic Partnership Agreement (CEPA) between India and South Korea in mid 2016," KOTRA Director General Dongwon Lee said in a statement here.
"Korea ranks amongst the top 6 import sources for India and the intent is to graduate to the top 5; and amongst the top 20 export destinations where we wish to move to the top 15. India and Korea relations have made great strides in recent years and this expo will act as a catalyst in making these relations even more robust," said Lee.

India's merchandise import stood at USD 258 billion

as compared to USD 299 billion in 2015 (January to September). India's top import sources are China followed by the USA, UAE and Saudi Arabia. Imports from Korea were USD 12.453 billion in 2013; USD 13.523 billion in 2014 and USD 13.114 billion in 2015.
In terms of exports, Korea ranked amongst Top 20 export destinations for India during January-September 2016 with exports totalling USD 2.7 billion as compared to USD 2.8 billion in 2015 (January-September).
This has resulted in de-growth of 4 per cent of exports from India to Korea in January-September 2016 but accounted for an overall 1.37 per cent share in January-September 2016 period.

Korea accounted for exports of USD 4.099 billion in 2013; USD 4.830 billion in 2014 and USD 3.673 billion in 2015. The total foreign direct investment equity inflows from South Korea in India during 2000-2016 was USD 1.79 billion while Indian FDI is also inching close to USD 3 billion.