The “Trade Promotion Task Force to India” run by the Gyeonggi Provincial Government and the Gyeonggi Small and Medium Business Center visited India from August 3rd to 6th, with the aim of penetrating the Indian market. Returning to Gyeonggi Province, the task force has achieved significant results, including the signing of contracts worth USD 25 million.

According to an announcement made by the Gyeonggi Provincial Government and the Gyeonggi Small and Medium Business Center on August 11th, 12 companies in Gyeonggi Province, including New Pack Korea (Director: Song Cheol-Jong) took part in the Trade Promotion Task Force to India in order to increase exports to India and open new markets there. The task force visited Mumbai and Bangalore, two of India’s leading industrial cities, where they held 156 one-on-one business meetings involving USD 65.6 million in potential business. By the end of the visit, 77 contracts worth USD 24.9 million had been signed.

A spokesperson from the Gyeonggi Provincial Government stated, “The achievements of the Trade Promotion Task Force to India run by the Gyeonggi Provincial Government have resulted in continuous growth thanks to the active participation of companies and the positive response by buyers. To induce additional contracts, the Province will continue to support the work of the Task Force through associated projects, including those related to helping companies with overseas marketing.”

He added that the Province plans to actively pursue projects to help SMEs in the province to make inroads into Indian markets so as to maximize the effect of the Korea-India Comprehensive Economic Partnership Agreement (CEPA) signed August 7.