RENEWABLE ENERGY
South Korean Government Research Organization along with renewable energy related technology companies participated in a special conference plus business delegation. IBDAC was a sub vendor for arranging speakers and inviting Indian companies for partnership with Korean Companies.
Mainly the Broad Categories are as below:
Lithium Ion Batteries, EV Charging Stations, Solar Modules, Robotics Solar Module Cleaner, Battery Management Systems, Carbon Capture and Sequestration Technology(CCUS), Heat Recovery Systems.
Target: Managing Conference and Online Meetings with Korean Companies
This was a special delegation where Korean Research Organization had shown interest in sharing advance findings in Carbon, Capture, and Utilize & Sequestration Technology (CCUS) for reducing carbon prints through Industrial plants. Indian Government Research Organizations had participated for Exchange of Technology program under Korea’s Overseas Development Scheme.
There were other private Korean Companies participating to explore the potential of supplying renewable energy technology products to Indian Market.
WORK PROCEDURE – MARKET RESEARCH AND IDENTIFICATION OF KOREAN COMPANIES.
In the first stage IBDAC prepared a detailed market feasibility report on CCUS technology for Indian Market. Post feasibility report Korean Research Organization along with other private Korean Companies participated in a conference plus Business delegation which was attended by various participants through Online Meetings.
In the second stage, IBDAC prepared marketing materials for the delegation and invited Indian companies to participate. Then IBDAC met with each of the Indian companies to examine their export capabilities, and their fit to planned activity of the business delegation with Korean Companies. The Companies who were selected to participate in the business delegation were asked to define the type of products and technologies they wish to promote as well as the type of transaction or deal they are interested in. As part of the delegation, approved companies Joined for an Online Meeting with respective teams of Korean Companies.
Result: Indian and Korean Research Organization went signed NDA for exchange of Information. Both Organization went on to sign MOU 3 months later.