‘We would prefer Indian goods over Chinese’ - S.Korea

Discussion in 'Foreign Relations' started by Srinivas_K, Nov 18, 2014.

  1. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    ‘We would prefer Indian goods over Chinese’

    South Korean Ambassador Joon-gyu Lee, on where his nation and India can cooperate
    South Korea’s Ambassador to India Joon-gyu Lee is bullish about ties between the two countries. He believes the two have come a long way since Buddhism entered the Korean peninsula from India in ancient times.

    In the years to come, South Korea and India can develop closer partnership-based cooperation in areas such as nuclear energy, space and manufacturing, Lee told BusinessLine in an exclusive interview.

    What are the different investment opportunities South Korea can offer Indian companies?

    South Korea’s advanced economy itself is a big advantage — our country’s manufacturing capabilities can be leveraged by Indian companies.

    Joint research can also be carried out on manufacturing processes.

    Our shipbuilding industry has many opportunities, which Indian companies can tap. Joint ventures in this industry can also be worked out. South Korean experience in chemicals, heavy engineering and even building smart cities can be used by Indian companies.

    How you do view the recent success achieved by the Indian space industry?

    The Indian space industry is very advanced, and our country is keen to catch up with it.

    A good collaboration can also happen in this area. Recently, I visited the Indian Space Research Organisation (ISRO), and my attempt is to bring ISRO and the Korea Aerospace Research Institute together.

    An MoU has already been signed between the two organisations, and they will decide on the areas of further cooperation.

    When I recently visited ISRO, I was fortunate to witness some of the Mars Orbiter Mission (Mangalyaan) operations.

    To my surprise, I found that the Mars craft is almost completely manufactured in India.

    To make that spacecraft, many advanced technologies have been developed by ISRO, but they need to be commercialised.

    This is where South Korean companies can play an important role.

    Trade between India and South Korea is heavily in favour of the latter. What can be done to bring about more balanced trade between the two nations?

    I am also concerned about the expanding trade imbalance in favour of South Korea.

    But it should be kept in mind that a greater part of Indian imports are semi-finished goods, such as electronic and automotive spare parts. They get reassembled in India, and again get re-exported to other countries.

    The problem is Indian companies don’t have that many finished goods to be exported to South Korea.

    Prime Minister Narendra Modi’s Make in India campaign is a step towards boosting Indian manufacturing industries.

    The South Korean Government is keen to participate in that process. If Indian companies can make quality goods, we are ready to buy it. We will prefer Indian goods over Chinese goods.

    In July 2011, India had an MoU with the South Korean Government to develop nuclear power. Why has there been no further action on it?

    These relations take a lot of time to develop, and in such areas one should not be in a hurry.

    My dream is that in a few years both countries could jointly develop nuclear reactors in India, which can be then exported to other countries.

    The cooperation in this area has just started and, by December, we will hold new talks with Indian counterparts for further development and research in nuclear areas.

    It may take some time, but both countries have great potential in this area too.

    ‘We would prefer Indian goods over Chinese’ | Business Line
     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    south Korean products have already a huge presence in India.

    Therefore, there are great opportunities.

    Must cash on that.

    Possibly they are looking towards India because though teh South Koreann products are good, in China, they have a weakness for anything European or from the US. Therefore`maybe the SK products are not given the due that they deserve.
     
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  4. t_co

    t_co Senior Member Senior Member

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    That's false. Samsung, LG, Hyundai, Kia, etc are some of the biggest brands in China in their respective categories.

    On topic: the context of the ambassador's quote suggests that so far, Indian goods are inferior in quality to Chinese goods.
     
  5. Kranthi

    Kranthi Regular Member

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    The context meant not that the Indian goods are inferior, but that indian goods are unfinished. Which means india is only offering intermediary goods but not end products. There's a lot of difference.

    India needs to export branded textiles, rather than exporting combed cotton. India needs to export steel and steel alloys, rather than exporting iron ore. And what he meant is that when India sells steel and branded clothing, they are ready to buy..

    That's just an example and steel and cotton are only for reference. There are many more such goods which india exports unfinished. hope u understood what he actually meant..
     
    Last edited: Nov 19, 2014
  6. nimo_cn

    nimo_cn Senior Member Senior Member

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    the sk ambassador said a lot of things, the press takes the most trivial thing and makes it the title.

    there is a big if before south Koreans prefer Indian goods over Chinese'.

    Sent from my HUAWEI P7-L07 using Tapatalk 2
     
  7. Kranthi

    Kranthi Regular Member

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    Ya as if you were the author of the article..

    May be there is a 'because' after "south Koreans prefer Indian goods over Chinese", saying they are fed up with low quality and unreliable chinese goods..
     
  8. sorcerer

    sorcerer Senior Member Senior Member

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    WHen its against the interests of China it always spun in the wrong way...

    Meaning, India has to sell it finished goods not raw materials or semi finished goods.

    ALl these means that The scope of Indian-SK partnership is broader than Tampons to Telivisions which is where China's magic in numbers lie.
     
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  9. Ray

    Ray The Chairman Defence Professionals Moderator

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    The Ambassador did not state that Indian goods were inferior to Chinese products.

    He said that India does not have as many finished products as China. That is true because China has flooded the world market with cheap 'finished products', even though they are shoddy and fragile.

    SK products maybe big names in the Chinese market, but then the Chinese penchant for anything from the West, makes Western products even 'bigger' names.

    Here is the 'love' for the West in China
    Has China done any 'duplitecture' of any Oriental city like say Tokyo or Baghdad?
     
    Last edited: Nov 19, 2014
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  10. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    :lol::lol::lol:
     
  11. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    The S.Korean Ambassador spoke the truth and Koreans and Japanese are looking towards India to revive their brands and also benefit from India's rise.

    Global economy is facing stagnation at present and China, India are exception.

    Lot of nations are approaching India and China to sign deals these days !!
     
    Last edited: Nov 19, 2014
  12. nimo_cn

    nimo_cn Senior Member Senior Member

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    If Indian companies can make quality goods, we are ready to buy it.

    the south Korean has made it quite clear that Indian companies couldnt made quality goods yet.

    Sent from my HUAWEI P7-L07 using Tapatalk 2
     
    Last edited: Nov 22, 2014
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  13. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    I know China and India will be good trade partners and China is a good market for us.
     
  14. sorcerer

    sorcerer Senior Member Senior Member

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    ^^^ @Srinivas_K
    China is a good market, but will their state policies allow influx of Indian goods?
    With the "cheap" factor, can Indian produce compete succesfully? What about the lack of respect for IP rights?
    I suppose the defecit has more to do with the policies. Not just INdia is complaining but other countries too.

    In my opinion its better not to produce low-end items for world market but concentrate more on tech produce and find world market for it. India has proven track record of making technically advanced machines at very economical cost with quality.,
     
    Last edited by a moderator: May 10, 2015
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  15. SADAKHUSH

    SADAKHUSH Senior Member Senior Member

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    We will overcome the Big "If" under the our new visionary and motivator but determined PM, who has delivered several changes the way India does the business which includes dealing with thugs of Military rulers on both sides of our borders.
     
  16. anupamsurey

    anupamsurey Regular Member

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    the quality of Chinese good is underlined with a single statement....i prefer using Indian made good, no matter if the Chinese offer me the same good for 1/2 of the original price.
     
  17. no smoking

    no smoking Senior Member Senior Member

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    It really doesn't matter as long as your countrymen are choosing Chinese products every day. Results speak louder than words.
     
  18. prohumanity

    prohumanity Regular Member

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    Ask any American about quality of Chinese goods....the answer will be " I hate Chinese junk"
    As for Korean goods...India has no city where Korean cars HUYNDAI not seen everywhere...Indians already like Korean stuff. In US, now the new trend is buying India, Bangla Desh, Vietnam made clothings.
     
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  19. anupamsurey

    anupamsurey Regular Member

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    its not the results, its the price which speaks louder in context of chinese goods.......
     
  20. brational

    brational Regular Member

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    This year your firecracker industry felt the heat. It is not our countrymen who chose CCP, it is the result of previous govt who allowed access to inferior Chinese goods in the name of trade and commerce.

    Poor countrymen are not realizing that they are actually paying more on a particular need by multiple purchases against Chinese solution. Very few products of Chinese origin pass through quality checks. India is losing huge forex on inferior Chinese products. A tougher stand by the govt can fix the trade imbalance overnight.

    So do not glorify the Cheap Chinese Products (CCP)..
     
    Last edited: Nov 24, 2014
  21. amoy

    amoy Senior Member Senior Member

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    Can anyone offer any brand names of GOODS that's present in Korea? Some people seem to read too much into a diplomat's blandishment :lol:


    The world has given China the vote of confidence by coming to China!

    [​IMG]
     

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