Gyeonggi Environment Industry UAE-India Trade Promotion Mission Achieves USD 24.52 million in Export Consultations
Createdd 2019-11-05 Hit 121
○ From October 6 to 10, mission members held export consultations in Dubai and Mumbai in which 7 promising environment companies of Gyeonggi Province participated
– Consultion services provided to 107 clients; HANILEST Co., Ltd., and other Gyeonggi companies ready to sign export contracts with local companies and buyers
– Gyeonggi Province to dispatch two more missions in 2020; will fully support exceptional environment companies based in the province with overseas market expansion
On October 15, Gyeonggi Province announced that the 3-night, 5-day 2019 Gyeonggi Environment Industry UAE-India Trade Promotion Mission dispatched to Dubai, UAE, and Mumbai, India, from October 6 to 10 achieved USD 24.52 million in export consultations through 107 meetings.
The mission was dispatched to the UAE and India, which are rapidly rising as global environmental markets with average annual growth rates exceeding 10%, to promote exceptional environment products produced by companies based in Gyeonggi Province. This provides opportunities for these companies to enter new markets in lieu of the Chinese market.
Comprised of 7 leading environment companies of Gyeonggi Province, the trade promotion mission attracted the interest of foreign buyers at export consultation meetings held in Dubai and Mumbai by presenting quality products manufactured with state-of-the-art technologies.
In one case, Hanilest Co., Ltd., based in Anyang City, attracted the attention of foreign companies and buyers with its technological innovation that radically improves water quality via a “waterwheel” device that creates micro bubbles.
As a result, Hanilest was able to enter an agreement with Company A, a fish-farming business based in Mumbai, India, through a sales contract for 1,000 units per year, local production, and more. Furthermore, the company is close to signing a contract with Company B, a local government supplier, through active negotiations.
In addition to Hanilest, Siheung City-based Wonjin Tech also garnered attention from the local companies thanks to its self-developed PET recycling system.
Wonjin Tech also had consultation sessions with a number of local companies interested in PET additives that could replace asphalt in road construction. The company improved its international market prospects by establishing export contracts with buyers.
Gyeonggi Province provided comprehensive services designed to support the Trade Promotion Mission including one-on-one meeting coordination, interpretation assistance, and consultation booths.
The province also conducted local market research in the targeted countries to help the Trade Promotion Mission. In addition, Gyeonggi delivered a range of material on the current status of the environment industry in the UAE and India, as well as information regarding potential buyers and interested companies.
In 2020, the province will continue to identify prospective overseas markets for Korean companies, and dispatch two more Trade Promotion Missions, one in the first half and one in the second half of the year, to support international market expansion by Gyeonggi companies.
Yeom Jin-seop, Director of the Environmental Policy Division of Gyeonggi Province, said, “Through the recent dispatch of the Trade Promotion Mission, we have confirmed that the environment industries in Dubai and India are growing at exponential rates. Dubai is expected to host related expositions in 2020 while India is implementing pro-manufacturing policies under the motto ‘Made in India.’ We will do our utmost to help the leading environment companies of the province enter global markets.”