ICCK

The Indian Chamber of Commerce in Korea (ICCK) in collaboration with the Embassy of India, Seoul and IFSCA (International Financial Services Centres Authority) held a roadshow “Business Opportunities in India's maiden IFSC at GIFT City” on the 12th of April 2024 at Lotte Hotel, Seoul.

The event was attended by major South Korean companies in the insurance, reinsurance sector, digital banks and securities and other financial sectors.

The event started with our ICCK Chairman Mr. Ramesh Iyer’s welcome address. He welcomed everyone present along with giving a brief introduction to the IFSCA and its functioning. He also highlighted the constant efforts made by the Government of India towards accommodating foreign companies in the country. Mr. Iyer also encouraged all the roadshow participants to invest in the IFSC GIFT City as there are endless opportunities and incentives that come with it. This welcome address was then followed by the Ambassador of India to ROK, H.E. Mr. Amit Kumar’s opening remarks where he talked about the current growth of the Indian economy and its future prospects along with the ongoing financial sector exchanges between India and Republic of Korea.

Then we had the Keynote address by the chairperson of IFSCA Mr. Rajaraman. He mentioned the current capital market situation of India and how every sector of India’s financial sector is growing at a very tremendous pace given the constant efforts of the Government of India in including and encouraging the participation of every economic class of the country. He also talked about how the IFSCA came into being and is now a strong pillar of India’s financial sector by becoming a Global offshore firm to support India's access to capital at a higher scale & financial services.

The event also included more information about the IFSCA and its banking ecosystem, capital markets & sustainable finance ecosystem, enablement in IFSC for Insurance, aircraft and ship leasing. The event concluded with Mirae Asset India’s experience in setting up business in the GIFT City and a Q&A Session. The event was followed by a networking session.