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IndiaMart launches exclusive section for Korean products on its website

IndiaMart.com has partnered Korea Trade-Investment Promotion Agency (KOTRA) to host an exclusive Korean products section on its website which will allow Korean suppliers to showcase their businesses, products and services and thus, seek business partnerships with a large number of Indian buyers.

IndiaMart.com has partnered Korea Trade-Investment Promotion Agency (KOTRA) to host an exclusive Korean products section on its website which will allow Korean suppliers to showcase their businesses, products and services and thus, seek business partnerships with a large number of Indian buyers. IndiaMart.com currently houses over one million registered and nearly 5 million global buyers across various industries and verticals.

Commenting on this, Kim Dong-Sun, administrator, small and medium business administration, South Korean Government, said, “I believe that this initiative will strengthen bilateral trade between the two countries and there is a good scope for Korean businesses in India. To begin with, there are 19 Korean suppliers which are registered with IndiaMart and in next two-three months, we are expecting around 100 Korean businesses to explore Indian market through the portal.”

Dinesh Agarwal, founder and CEO, IndiaMart.com, said, “Both India and Korea are witnessing an upswing in their bilateral trade with the estimate standing at around $24 billion for the next five years. This high growth scenario gives us a perfect opportunity for a strategic alliance with KOTRA to jointly catalyse business opportunities between SMEs in India and Korea. Together with KOTRA, we are aiming to replicate our success with Korean suppliers too and help them reach out to Indian buyers.”

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