Strengthening Collaboration through New Strategic Partnership

Achchhe Padosi (Good Neighbors Bharat) recently reached two important milestones by signing Memorandums of Understanding (MOUs) with the Chungcheongnam-do Economic Promotion Agency (CEPA) – India and the Gyeonggi Business Center (GBC), Bengaluru. These partnerships aim to explore fundraising opportunities, strengthen financial sustainability in India, and foster collaboration with companies affiliated with CEPA and GBC.

CEPA – New Delhi Centre was established to advance the objectives of the Chungcheongnam-do Economic Promotion Agency by supporting market research, promotional activities, events, and exhibitions. Through its New Delhi Business Center, CEPA works to connect entrepreneurs, business groups, and organizations from both countries, creating a conducive business environment and growth opportunities for Korean SMEs in India.

The Gyeonggi Business Center (GBC) is a government agency representing Gyeonggi Province, the largest and most populous province in South Korea. Its mission is to promote mutually beneficial trade relationships between buyers and sellers across borders. Similarly, GBC Bengaluru was established to build strong business networks and partnerships within India.

Collaboration with CEPA

The MOU with CEPA was signed on December 3, 2024, at the Achchhe Padosi (Good Neighbors Bharat) office in Delhi. The event was attended by six representatives from CEPA India, including Mr. Seungchang Ha, Chief Representative of CEPA’s New Delhi Business Center, Mr. Yongsic An, WARO Head, and Mr. Sandip Gupta, Country Director, along with other team members from Achchhe Padosi (Good Neighbors Bharat).

Partnership with GBC Bengaluru

The agreement with GBC Bengaluru was formalized on January 3, 2024, at the GBC Office in Bengaluru. The signing highlighted a shared commitment to promoting sustainable and responsible business practices. Key representatives, including Mr. Juntae Jung, Head of GBC India, Mr. Yongsic An, WARO Head, and Mr. Sandip Gupta, Country Director, along with other staff members from Achchhe Padosi (Good Neighbors Bharat), actively participated in the event.

A Shared Vision

Both MOUs reflect a shared commitment to strengthening the long-term sustainability of Achchhe Padosi (Good Neighbors Bharat). The partnerships encourage affiliated companies to support community development initiatives through financial assistance, resources, and strategic collaboration. By fostering cross-sector partnerships and resource sharing, these collaborations aim to ensure sustainable impact and long-term mutual benefits for all stakeholders.