Han Asia Times

Around 60% of the investment for setting up transmission infrastructure goes towards equipment with the market size estimated to be around Rs. 14,000 crore. Photo: Indranil Bhoumik/Mint New Delhi: Attracted by Prime Minister Narendra Modi ’s ‘Make in India’ programme, and, more pertinently, to meet conditions that make it mandatory for foreign companies wishing to sell equipment to large Indian government projects to have factories in India, China’s Baoding Tianwei Group Ltd (BTW) and South Korea’s Hyosung Corp. plan to set up electricity transmission equipment manufacturing facilities in the country. India and China have been at odds over the supply of cheap Chinese equipment to Indian firms in sectors such as telecom and power generation over security and quality concerns. “Due to the mandatory requirement that one needs to have a manufacturing base in India and the size of the electricity transmission equipment market here, firm such as BTW and ...

Hae-lck Lee, executive director of the Korea Automotive Industry Globalization Foundation, spoke to Jaishankar Jayaramiah on the sidelines of the recent ACMA Automechanika New Delhi 2015 trade fair about the Korean automotive industry and its bilateral trade with India. How many companies from Korea participated in the expo and what was their main agenda? This is the first time that we participated in ACMA Automechanika New Delhi. We had as many as 15 companies including our foundation. Almost all are manufacturers and exporters and a few are into trading. They are mainly looking to tap the market for their products in India and export. We have earlier participated at the Auto Expo with 16 companies and are satisfied with the results. I think ACMA Automechanika New Delhi will also satisfy the Korean exhibitors. How important is Indian market is for you and why? As you see in the world market, China is very developed as they are producing many cars while Eu...