Act East Policy: South Korean Companies Keen to Invest in India’s Defense Corridors; Assure Non-Involvement in PoK
Diplomatic sources have confirmed that big companies including Hanwha Defense, Hyundai Rotem, Korea Aerospace Industries Limited (KAI), LIG Nex1, DACC Carbon Company which are already participating in various EoIs, RFPS and RFIs are ready to set up their manufacturing bases in the two DICs. These companies are ready to transfer top-end technology to the Indian companies and participate in Make in India initiative.