Korean companies urged to move to new manufacturing sectors

- Advertisement -

Information Technology Minister Ravi Shankar Prasad on Tuesday urged the Korean companies to expand their manufacturing in defence electronics, medical electronics and lithium batteries designed for running electric vehicles.

manufacturing sector, Korean companies, Ravi Shankar Prasad, India Korea summit, India
Image for representational purpose only

Speaking at the India – Korea Business Summit in New Delhi, Prasad said post liberalisation era in India saw the arrival of three Korean companies – Hyundai, Samsung and LG, which transformed the face of the automobile, consumer electronics and high end electronics market in India.

He said the business environment has undergone a sea-change since then and the rapidly expanding digital profile of India, backed by Digital India, Start-up India, Skill India was set to transform the country into a knowledge economy and a digital powerhouse.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Reality AI, Renesas, RTOS, RZ/N2L

RZ/N2L MPUs By Renesas

0
Renesas recently announced the range of RZ/N2L microprocessor units (MPUs) which aims to simplify the implementation of industrial ethernet communications and claims to make...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

Potential Platform for Beyond CMOS Electronics?

0
A group of researchers who are a part of an RMIT-led multinational collaboration, recently reported that they have for the first time observed the...

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Exclusive

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

“Inquisitiveness To Explore Makes A Big Difference…”

0
There are many who aspire to hold prestigious positions at big corporate houses, but very few are willing to work hard enough for it....
Japanese, InnovationLab

InnovationLab Unveils Additive PCB Production

0
InnovationLab, a printed electronics company, “from lab to fab,” recently claimed that it has achieved a breakthrough in additive manufacturing of PCBs, which in...

Important Sectors

Reality AI, Renesas, RTOS, RZ/N2L

RZ/N2L MPUs By Renesas

0
Renesas recently announced the range of RZ/N2L microprocessor units (MPUs) which aims to simplify the implementation of industrial ethernet communications and claims to make...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

Potential Platform for Beyond CMOS Electronics?

0
A group of researchers who are a part of an RMIT-led multinational collaboration, recently reported that they have for the first time observed the...

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

CamGraPhIC Raises Funds For Photonics

0
Cambridge University’s innovation CamGraPhIC has recently raised £800,000 from Wealth Club clients via an Enterprise Investment Scheme (EIS). Overall, the company has raised over...

Manufacturing

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

Polymatech Will Invest USD 1 Billion On Expansion

0
Polymatech semiconductor manufacturing and packing facility is expected to produce 250 million chips per year with an investment of USD 1 Billion. The company will...

Third-largest by 2026: Indian Auto Sector

0
Going by the latest report of Invest India, the automotive sector will reach the mark of $300 billion by 2026. It will make India...

Flex Sees Growth With Smart Cities Mission

0
Flex CEO Revathi Advaithi, who started with the benign manufacturing field and now sits at the helm of this multinational company, considers the growing...