The PHD Chamber of Commerce and Industry (PHDCCI) has signed a Memorandum of Understanding (MoU) with the Busan Chamber of Commerce and Industry to deepen trade and industrial cooperation between India and South Korea.

The partnership will focus on key sectors such as manufacturing, clean energy, digital technology, maritime logistics, and other emerging industries, with the aim of increasing business engagements, investments, and knowledge exchange between the two nations.

"Busan is transforming into a global hub for smart logistics, EVs, and digital technology. India’s rapid economic growth and strong manufacturing capacity present valuable opportunities for collaboration," said Yang Jae Saeng, President of the Busan Chamber of Commerce and Industry.

The agreement is expected to open new avenues for bilateral trade and strengthen economic ties between both countries.