India invites S. Korea to set up SEZs, invest in insurance, cooperative banking, healthcare

Former union minister and India’s Sherpa to G 20, G7 Suresh Prabhu has said South Korean companies should explore the possibilities of making an investment in the service sector in India, and also set up dedicated Special Economic Zones (SEZs) here for exporting to the world.

All sizes of Korean companies, whether small, medium, or large should have a specific geographical area identified as SEZs, where everything can be Korean with a flavour of Korea inside India, said Prabhu.

“This will provide an ecosystem to all major Korean companies and their associates who can be at the same SEZ. It can also be a launching pad for all Korean companies globally,” said the former Railways, Commerce & Industry, and Aviation minister, now a Member of Parliament. Read more...

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