Modi in Seoul : India, South Korea ink seven key agreements

Mangalore Today News Network

Seoul, May 18, 2015:  Prime Minister Narendra Modi arrived in Seoul on Monday on the last leg of his three-nation tour and held bilateral discussions with President Park Geun-hye.

 

During his two-day visit to the country beginning today, PM Modi will also meet business leaders and attract investments of $10 billion for infrastructure projects.

Here are the LIVE updates:

   
Vikas Swarup, official spokerperson of Ministry of External Affairs, tweeted the list of agreements signed between the two countries.

   
The two countries also signed an MoU on cooperation in the fields of maritime transport and logistics between India’s Ministry of Shipping and Republic of Korea’s Ministry of Ocean and Fisheries.
   
Framework of cooperation in the field of road transport and highways between the Ministry of Road Transport and Highways of the Republic of India and the Ministry of Land, Infrastructure and Transport of the Republic of India was also inked.
   
An MoU between Ministry of Youth Affairs and Sports of the Republic of India and the Ministry of gender equality and family of the Republic of Korea in youth matters was signed.
   
MoU between the Ministry of Power of the Republic of India and the Ministry of Trade, Industry and Energy of the Republic of Korea concerning cooperation in the field of electric power development and new energy industries was inked.
   
MoU for cooperation between the National Security Council Secretariat of India and the office of National Security of Republic of Korea was inked.
   
An agreement on cooperation in audio-visual co-production was signed by the two countries.
   
Among the MoUs signed today include an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
   
PM Modi ends his joint address.
   
During our meeting, we also had discussion on international issues.
   
To facilitate their investment and operations in India, we will establish a channel called ’Korea Plus’.
   
President Park and I see vast opportunities for Korean companies to be a part of our ’Make in India’ mission – Modi.
   
We have upgraded the bilateral relationship to ’Special Strategic Partnership’, says PM.

We consider Korea a crucial partner in India’s economic modernisation, says Modi.
   
I am pleased to visit Republic of Korea in the first year of my tenure as PM and would like to thank President Park for the warm welcome and hospitality – Modi.
   
PM Modi and South Korean President are holding a joint press conference after they signed several key agreements including taxation and transport.

 

Courtesy: Zeenews