ASIA Industry Forum 2023 -- The Nexus of Prosperity: Industrial Cooperation for Win-Win Growth

The Asia Industry Forum (AIF) 2023 was organised by the Korea Institute of Industrial Economics and Trade (KIET), South Korea; ISID; Policy Research Institute (PRI), Bangladesh; Malaysia and International Institute for Trade and Development (IITD), Thailand and Khazanah Research Institute (KRI), on November 21, 2023 in Seoul, South Korea. It focused on industrial development in India, Bangladesh, Thailand and Malaysia and prospects of collaboration with South Korea for their industrial transformation.


Prof Nagesh Kumar, Director ISID, made a detailed presentation on harnessing the manufacturing sector’s transformative potential for India’s development, underscored why India is at a sweet spot as countries are making efforts to make supply chains resilient, and highlighted opportunities for Korea-India cooperation. Dr Reji Joseph, Associate Professor ISID, made a presentation on strengthening the India-Korea collaboration for the industrial transformation of India. Indian Ambassador to South Korea, Amb Amit Kumar made a keynote address at the inaugural session (read out by Mr Nishi Kant Singh, Deputy Chief of Indian Mission in Korea). ISID team also visited KIET in Sejong on 22 November 2023 and discussed possibilities of KIET-ISID cooperation. It was agreed that the two institutions will enter into an MoU to deepen their cooperation. KIET also organised a visit of the delegates to Hyundai Motor Company’s manufacturing plant at Asan.