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Communications Minister meets CEOs of LG and Samsung, inviting to participate in “Make In India”

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New Delhi (Oct 17, 2014): The Minister for Communications and Information Technology and Law & Justice, Shri Ravi Shankar Prasad on a visit to South Korea to attend the Plenipotentiary Conference 2014 of the International Telecom Union, today held meetings with the top companies of South Korea working in the field of electronics to attract business into India.

On the first day of his four day visit, the Minister met Mr. Bon Joon Koo, Vice Chairman and CEO of LG Electronics in Seoul. South Korea based LG Electronics- a leading electronics company in India, expressed great faith in the changed investment climate in India. The Minister shared the Digital India vision and “Make In India” initiative of the present Government with the CEO of LG Electronics. Shri Ravi Shankar Prasad highlighted the great potential that India holds in the field of electronic manufacturing. Taking forward the vision of Prime Minister Shri Narendra Modi to develop India into a global manufacturing hub, the Minister desired LG Electronics to make India its global manufacturing hub.

The Hon’ble Minister also met Mr Young Soo Kwon the President of LG Chemical in Seoul. He shared the vision of Government of India for promoting solar power as a clean source of energy. He also emphasised upon the great potential of India’s fast growing mobile market. This holds great investment opportunity for LG Chemical to expand its existing operations in India, he added.

The Minister also met Mr. Jong Kyun Shin, President & CEO, Samsung IT and Mobile Communications. Sharing the Digital India vision and “Make In India” initiative with him, the Minister mentioned about National Optical Fiber Network programme and Smart City plan being envisaged in India. Samsung CEO said that India is one of the biggest Research and Development hubs for Samsung. He placed on record great appreciation for Indian engineers in making Samsung such a big success across the world. He also expressed great hope in the India’s 4G mobile market and expressed his desire to make big investments in India.

Both the meetings with CEOs of electronic giant companies were an extremely positive.