[THE INVESTOR] South Korean semiconductor companies will send market development teams to India to expand their businesses in the world’s second-most populous market, according to the local trade ministry.
The first squad led by SK hynix, the world’s second-largest chipmaker, will hold a road show in New Delhi on Aug. 22 to show their technologies of mobile chips and goods to Indian buyers.

Leading Indian handset manufacturers such as Intex Technologies and Lava Mobile will participate in the event.

India is one of the world’s fast-growing mobile phone markets, with some 40 percent of global smartphones sold there in 2015. Samsung Electronics recorded a market share of 25 percent in the first quarter this year in India.

Other South Korean companies will also team up to have a business fair in Mumbai on Aug. 30 to tap into the Indian automotive semiconductor market.

India is currently the world’s sixth-biggest car market, led by Tata Motors and Fiat India Automobiles.

(theinvestor@heraldcorp.com)