India's Reliance group eyes biz links in South Korea

India's second-largest public traded company, Reliance Industries met with South Korean ICT businesses, mobile hardware device developers, and manufacturing sites.

India's Reliance Industries is holding discussions with IT companies in South Korea in hopes of establishing bilateral partnerships in the sector. 

The Indian conglomerate sent its executives on a two-day visit this week to Seoul where they met with local small and midsize businesses, reported The Korea Times, which cited the Korea Trade-Investment Promotion Agency (KOTRA). The discussions were organized by the Ministry of Science, ICT and Future Planning as part of its Korea IT Focus initiative. 

Visiting executives from Reliance included vice president of cloud engineering, Richard Clark, and head of telecom 4G LTE device sourcing, Chetan Mehta. They also visited data centers and electronic component manufacturing sites, as well as mobile hardware device developers, with the aim to identify products they could market in India.

Headquartered in Mumbai, Reliance is India's second-largest public traded company. It had announced plans to build 14 data centers in India to deliver cloud computing and 4G services by year-end. 

"The company hopes to co-work with various IT device producers such as Wi-Fi routers, game device, components and accessories, as well as software companies based on Android operating systems," Kim Byung-kwon, strategic marketing director at KOTRA, said in The Korea Times report.