With the fifth Vibrant Gujarat Global Investors’ Summit (VGGIS) 2011 round the corner, the event saw its first international delegation visiting Korea to interact with companies and trade associations. Led by Ravi Saxena, additional chief secretary, Government of Gujarat, the delegation, on its visit to promote the Vibrant Gujarat 2011 investment summit and invite investments into Gujarat, received overwhelming response with participation of about 80 Korean companies and trade associations in a roadshow organised on August 16 at Seoul.
The delegation to Taiwan and Korea is comprised of Pankaj Modi, COO, Mundra Port And SEZ Ltd., Sunil Parekh, Advisor, Zydus Cadila, P K Johri, Chief Executive Officer, ONGC Petro Additions Limited (OPAL), Rajiv Vastupal, Chairman, Rajiv Petrochemicals, Sunil Kakkad, Chairman, Sai Info Systems, Pankaj Saran, Chief Executive Officer, Gujarat Vittal Innovation City, Pratul Shroff, Chief Executive Officer, e-infochips Ltd., Dibyendu Deepak, Senior Business Analyst, OPAL and Jaimin Vasa, President, Gujarat Chemicals Association.
“Senior representatives from several companies like Samsung, Ssangyong Engineering and Construction Co. Ltd., S K E&C, Hanwha Group, Korea Importers Association, Korea Land & Housing Corporation, Daewoo E & C and Korea Maritime Institute, among others were present during the roadshow. Moreover, the B2B meetings with companies and associations also saw participation of companies like Honam Petrochemcial Corporation, Samsung Constructions and Technology, Hyundai Heavy Industries, Small and Medium Business Corporation and Busan Port Authority among others,” said Saxena.
Talking about investment opportunities, Saxena said that there are several avenues of investments for Korean companies in Gujarat in the sectors of infrastructure development, IT devices, networks and applications, petrochemicals, renewable energy, shipbuilding and healthcare. Specific opportunities in the sectors of port and port led development and petrochemicals sector were discussed.
Apart from Korea, the delegation conducted a roadshow at Taiwan and business meetings with several companies like Chungwa Telecom Co. Ltd., Transcend Information, Inc., TSRC Corporation, Chinese National Association of Industry and Commerce, TECO Group, Gartner, LCY Corporation, Gemtech, Foxconn Technology Group and CPC Corporation. Some of these companies have shown keen interest in attending Vibrant Gujarat 2011 event and investing in Gujarat.
Both South Korea and India have set a target of increasing the bilateral trade to USD 30 billion by 2014.
Eight other similar delegations will be visiting countries around the world in during the months of August and September to promote Vibrant Gujarat 2011 event and inward investments to the state.
