By Diplomacy Journal Lee Kap-soo

The Indian Chamber of Commerce in Korea (ICCK), in collaboration with Khaitan & Co., a top-tier leading law firm in India, held a business seminar on “India Market Insights: A Guide for Korean Investors” at Andaz Seoul Gangnam Hotel on Sept. 9, 2025.

At the business seminar designed to guide Korean investors through the practical aspects of doing business in India, Ramesh Iyer, Chairman of ICCK, said in a welcoming address, “During the seminar, we will offer key insights and real-world case studies to help understand crucial business and regulatory considerations. We will also cover entry strategies and regulatory framework, government support and risk mitigation and analysis of real case studies.”

While introducing the Indian government incentives and schemes, Vivek Sriram, partner of Khaitan & Co., said, “The Production Linked Incentive (PLI) Scheme for electronics and other sectors provides financial Incentives for local manufacturing companies meeting specific criteria can earn tax benefits and support. The government offers tax concessions on the purchase of electric vehicles (EVs) and hybrid vehicles.”

He also said, “Among other things, under the Rebate of State and Central Taxes and Levies (ROSCTL) Scheme, exporters of garments and textiles are provided rebates for the taxes paid on inputs and other levies. Some States Governments also offer GST reimbursement for specific sectors or regions to make the local industries more competitive, especially for small and medium enterprises (SMEs) or export-oriented units.

More than 30 Korean business people who have keen interest in making investment in the Indian market attended the business seminar.