Staring down the dragon while embracing it
With the conclusion of his three-nation tour of China, Mongolia and South Korea last month, Prime Minister Narendra Modi capped a frenetic first year of diplomacy. It is becoming apparent …
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Modinomics, Korea’s 3.0 economic plans set to tango
Modinomics and Korea 3.0 economic plans are set to tango in days to come. Banking on India’s Prime Minister Narendra Modi’s “Make in India” campaign and its recent growth stories, …
Read MoreSouth Korea’s $10 billion boost for India’s infrastructure
As India’s Prime Minister Narendra Modi arrived in South Korea, on his last leg of three-nation visit, Seoul has announced that it will offer $10 billion to support several of India’s ambitious projects including bullet trains and smart cities.
“My country is offering India a financial package amounting to a total of $10 billion. This will comprise an economic development cooperation fund of $1 billion and export credits of another $9 billion,” said Joon-gyu Lee, South Korea’s envoy to India.
Several South Korean companies are doing well in India, and this has given confidence to other Korean organisations to expand its manufacturing and other operations in the country.
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