India-South Korea ties highlight message of peace, stability amid global tensions: PM Modi

Prime Minister Narendra Modi on Monday highlighted the key role of India and South Korea as pillars of stability amidst rising global tensions. He also pointed out the shared commitment of both nations toward a peaceful and inclusive Indo-Pacific region.

Following the high-level delegation talks held in the national capital, Prime Minister Modi and President Lee Jae-myung oversaw the exchange of multiple MoUs between India and South Korea.

Designed to bolster bilateral cooperation across a range of strategic sectors, these agreements were formalised during a joint “In this era of global tension, India and Korea together give the message of peace and stability,” PM Modi stated.

Turning to the economic dimension of the partnership, the Prime Minister shared ambitious targets for bilateral trade and introduced several new mechanisms to facilitateThe Prime Minister also detailed plans to secure technology supply chains and support smaller enterprises looking to enter the Indian market.

“To increase cooperation in critical technology and supply chains, we are starting the Economic Security Dialogue. To facilitate the entry of Korean companies, especially SMEs, into India, we will also establish Korean Industrial Townships, and within the next year, we will also upgrade the India-Korea Trade Agreement,” PM Modi stated.

The diplomatic significance of this partnership is underscored by the current international landscape