Information Technology Minister Ravi Shankar Prasad on Tuesday urged the Korean companies to expand their manufacturing in defence electronics, medical electronics and lithium batteries designed for running electric vehicles.
Speaking at the India – Korea Business Summit in New Delhi, Prasad said post liberalisation era in India saw the arrival of three Korean companies – Hyundai, Samsung and LG, which transformed the face of the automobile, consumer electronics and high end electronics market in India.
He said the business environment has undergone a sea-change since then and the rapidly expanding digital profile of India, backed by Digital India, Start-up India, Skill India was set to transform the country into a knowledge economy and a digital powerhouse.
