Venu Srinivasan, Chairman of TVS Motor Company, was appointed as an honorary citizen of the City of Busan on December 18, 2014.
Mr. Venu Srinivasan was the president of the Confederation of Indian Industry (CII) from 2009 to 2010. He has a powerful presence in the Indian economy and has demonstrated his love of Korea by serving as an Honorary Consul General of South Korea in Chennai, India.
Chennai, which is where TVS Motor headquarters is located, is a mecca of the automobile industry in Inida, accounting for 40 percent of India’s automobile production and 60 percent of automobile exports. About 150 Korean companies including Hyundai Motor Company, Lotte Confectionery Co., Ltd., Samsung Electronics Co., Ltd. and automobile components manufacturers including Busan-based Sungwoo Hitech have extended their business to Chennai.
President Park visited India from January 15 – 18, 2014, in commemoration of the 40th anniversary of the establishment of diplomatic ties with India. Relations between the two nations have been upgraded through the Comprehensive Economic Partnership Agreement (CEPA) and expanded economic cooperation.
Source: Busan City News
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