India Emerges as Korea’s Second Production Base as SME Entry Barriers Face Review

At a Korea-India economic cooperation expert meeting held on May 11, participants discussed ways to develop India into a second production base for Korean companies. India, with a population of 1.43 billion, was cited as a market with strong potential to grow as both a manufacturing site and an export hub. Experts raised the need to create a Korea-dedicated industrial complex to lower entry barriers for Korean small and midsize enterprises. The meeting also covered sector-specific Korea-India cooperation and ways to move beyond simple processing toward a global export base. Strengthening local supply of intermediate goods was also mentioned as a key task. Source: mk.co.kr