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Deepening of India-Korea Economic Partnership in the Context of Supply Chain Restructuring
The India-Korea Policy Dialogue, jointly organised by ISID and the Korea Institute for Industrial Economics and Trade (KIET), took place on December 19, 2024 at the ISID premises. The event focused on advancing economic cooperation between India and Korea.

The Inaugural Session began with opening remarks by Prof Nagesh Kumar, Director ISID, and Dr Namhoon Kwon, President of KIET. India’s Ambassador to Korea, H.E. Mr Amit Kumar, addressed the gathering via video, while Korea’s Ambassador to India, H.E. Mr Lee Sungho, delivered the inaugural address. A significant outcome of the Dialogue was the signing of a Memorandum of Understanding (MoU) between ISID and KIET to initiate joint studies aimed at fostering bilateral economic collaboration.

The Inaugural session was followed by Session 1 focused on FDI, Trade and Supply Chain Diversification, chaired by Prof Nagesh Kumar, had presentations by Dr Reji Joseph and Dr Ramaa Arun Kumar of ISID; Dr Danish Hashim, Head of FDI and GVCs at CII; Dr Byungyul Park of KIET; and Dr Choogjae Cho, Director, KIEP Delhi office. Session 2 Focused on Green Industrialization was chaired by Dr Namhoon Kwon. President of KIET and had presentations and discussions by Mr Ajay Shankar, Member ISID Board; Dr Dongsu Kim and Dr Donghee Lee of KIET. Session 3 focused on India-Korea Cooperation in Deepening Electronics Value Chain and Digital Industrialization chaired by Mr Ajay Shankar and had presentations by Mr Alkesh Sharma, former Secretary MEITY, Govt of India, Mr Rajiv Agarwal, Vice-President, Samsung India and Dr Soodong Kim of KIET. The Roundtable was concluded with closing remarks by Dr Namhoon Kwon and Prof Nagesh Kumar.

Preceding the main event, on December 18, 2024, a roundtable discussion was held between ISID faculty members and the KIET delegation to identify potential areas for research partnerships. An industry visit was organised by ISID to the R&D facility of Sun Pharmaceuticals in Gurugram, Haryana, offering insights into innovative practices and fostering knowledge exchange. The policy dialogue was coordinated by Dr Reji Joseph, Associate Professor at ISID. Click for the YouTube links to Inaugural, Session I, Session II, & Session III.

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Tentative Programme

10.30 – 11.15 AM

Inaugural Session (YouTube link)

Opening Remarks: Prof Nagesh Kumar, Director, ISID

Opening Remarks: Dr Namhoon Kwon, President, KIET

Video Address: H.E. Mr Amit Kumar, Ambassador of India to Rep. of Korea

Inaugural Address: H.E. Mr Lee Sungho, Ambassador of Rep. of Korea to India

MoU Signing Ceremony

Group Photo

1 1.30 AM – 1.00 PM

Session I: FDI, Trade and Supply Chain Diversification (YouTube link

Chair: Prof Nagesh Kumar, Director, ISID

  1. India-Korea Economic Cooperation: Trends and Challenges
    Dr Reji K Joseph and Dr Ramaa Arun Kumar, ISID
  2. Prospects of India-Korea cooperation in GVCs
    Dr Danish Hashim, Confederation of Indian Industry (CII)
  3. Building Resilient Automotive Supply Chain through Cooperation with India
    Dr Byungyul Park, KIET
  4. Korea-India CEPA Upgradation and Beyond; Korea-India version of iCET
    Dr Choongjae Cho, KIEP, New Delhi

Open discussion

2.00 – 3.00 PM

Session II: Green Industrialization (YouTube link)

Chair: Dr Namhoon Kwon, President, KIET

  1. Green Hydrogen Economy in India: Path to Decarbonization
    Mr Ajay Shankar, Member, ISID Board of Governors and Former Industry Secretary, Government of India
  2. Cooperation for Hydrogen Economy
    Dr Dongsoo Kim, KIET
  3. Discussant: Dr Donghee Lee, KIET
    Open discussion

3.30 – 4.30 PM

Session III: India-Korea Cooperation in Deepening Electronics Value Chain and Digital Industrialization (YouTube link)

Chair: Mr Ajay Shankar, Member, ISID Board of Governors and Former Industry Secretary, Government of India

  1. Mr Alkesh Kumar Sharma, Former Secretary, Ministry of Electronics and Information Technology (MEITY), Govt of India
  2. Mr Rajiv Aggarwal, Vice President, Samsung India and former Joint Secretary, DPIIT, Govt of India
  3. Cooperation for digital trade
    Dr Soodong Kim, KIET

Open discussion

4.30 – 5.00 PM

Closing

Closing Remarks: Prof Nagesh Kumar, Director, ISID
Closing Remarks:  Dr Namhoon Kwon, President, KIET