Venu Srinivasan, a key figure in the Indian auto industry, former SIAM chairman and head of TVS Motor Company has been granted the honorary citizenship of Busan. Mayor of Busan Metropolitan City, Suh Byung-soo conferred the title of honorary citizen to Mr Srinivasan. Busan is the second largest city in Korea, after Seoul and this singular award is one of the highest of its kind to be awarded to a foreign national. Venu Srinivasan is the first Indian industrialist to be granted this honorary citizenship.
Mr Srinivasan has been honoured several times before by the Republic of Korea. In November 2014, he was appointed Honorary Commanding Officer of Korean Naval Vessel, ROKS Choi Young (DDH-981). The honour was bestowed on him in appreciation of his dedication to enhance the friendship and cooperation between the Republic of Korea and the Republic of India, as Honorary Consul General of the Republic of Korea. Venu Srinivasan was earlier felicitated in January 2010, by the President of the Republic of Korea, His Excellency Lee Myung-bak with a distinguished civilian honour ‘Order of Diplomatic Service Merit’ (Heung-In Medal) in recognition of his valuable contribution in promoting Korea-India bilateral relations.
This is yet another honour to be bestowed on him in appreciation of his relentless efforts and dedication to enhance the friendship and cooperation between the Republic of Korea and the Republic of India, as Honorary Consul General of the Republic of Korea in Chennai.
Chennai, where TVS Motor Company is headquartered has over 150 Korean companies operational in Chennai, notably Hyundai Motor Company, Lotte Confectionary, Samsung Electronics and other auto parts manufacturers. Among the Busan companies operating in India is SUNGWOO HITECH, an auto spare parts manufacturer with about 1,200 employees.
Courtesy: BusinessWire India