According to Yonhap News,

(SEOUL=Yonhap News) Small- and medium-sized Korean IT companies will be able to enter the Indian market with the help of Reliance Group, India’s largest private company.

KOTRA held a one-on-one business consulting and project presentation for Reliance Group and 23 small- and medium-sized Korean IT companies on July 8, according to KOTRA and the Ministry of Science, ICT and Future Planning.

Participants from India included the Deputy Director of the Cloud Department and the Purchasing Manager of the 4G Mobile Communication Services Department at Reliance Jio Infocomm, a subsidiary of Reliance Group.

Reliance Group, which recorded sales of USD 67 billion in 2013, has businesses in the petrochemical, construction, medicine and retail industries.

Planning to increase investment in ICT, Reliance Group will benchmark Korea’s 4G market before adopting 4G mobile communication services in the fourth quarter of the year. Participants from India looked at mobile software and hardware products and accessories that can be used in India and discussed how to cooperate with relevant companies.

Reliance Group will invest USD 11.6 billion in IT and provide 4G service to 100 cities in India within two years. Also, the company plans to build the world’s second largest cloud network, the first being Amazon.com.

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