Lee is scheduled to deliver opening remarks at the forum, co-hosted by the two countries, where he is expected to emphasize stronger supply-chain cooperation.
The forum, being held for the first time in eight years, is seen as a restart of bilateral economic cooperation. About 250 business leaders from South Korean conglomerates are attending including Samsung Electronics chairman Lee Jae-yong, Hyundai Motor Group chairman Chung Eui-sun, LG Group chairman Koo Kwang-mo, and HD Hyundai vice chairman Chung Ki-sun.
About 350 participants from India including executives from the Sanmar Group and Essar Group, are also taking part, with discussions expected to accelerate cooperation between companies from the two countries.
About two dozen memorandums of understanding (MOUs) in areas including shipbuilding, digital technology, and energy are expected to be signed. These include agreements between the Federation of Korean Industries and the Indian Chamber of Commerce as well as GS E&C's wind repowering project in India and cooperation on Naver's map services.
One-on-one meetings in advanced industries, gaming, entertainment, and other areas are also planned to strengthen practical cooperation.
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