Modi woos Korean biz

Modi woos Korean biz
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Highlights

Prime Minister Narendra Modi on Tuesday outlined his vision of an inclusive Asian century fuelled by India\'s progress and wooed South Korean businesses to \'make in India\' in a big way. Winding up his two-day visit to South Korea, the final leg of his three-nation visit, Modi addressed the Asian Leadership Forum and also the India-Republic of Korea CEOs Forum.

Pitches for ‘Make in India’; winds up three-nation tour

Seoul/Ulsan: Prime Minister Narendra Modi on Tuesday outlined his vision of an inclusive Asian century fuelled by India's progress and wooed South Korean businesses to 'make in India' in a big way. Winding up his two-day visit to South Korea, the final leg of his three-nation visit, Modi addressed the Asian Leadership Forum and also the India-Republic of Korea CEOs Forum.


Prime Minister Narendra Modi plays with a child during a visit to the Cheonggyecheon Stream in Seoul, South Korea on TuesdayHe visited the Hyundai Heavy Industries (HHI) shipyard, one of the biggest ship construction companies in the world, in Ulsan where he spent over an hour. Modi held talks on Tuesday with top South Korean CEOs, including LG Electronics' Kim Jin-hong and POSCO chief Kim Jin-il and Hyundai Motor Co's Chung Jinhaeng. On Monday, Modi had held talks with President Park Geun-hye after which the two sides inked seven agreements, including for avoidance of double taxation.


Seoul also offered to provide $10 billion for infrastructure projects in India, including smart cities and railways.Addressing the Asian Leadership Forum, that was also attended by President Park, UN Secretary General Ban Ki-moon and Sheikha Mozah of the Qatar royal family, Modi said India "is the new bright spot of hope" for the region and the world and India's progress will help make the Asian dream "a bigger reality".


He said India's growth has rebounded to 7.5 percent per year, and it was poised to grow further. Modi said "Asia will succeed more when all of Asia rises together" and said the prosperous countries must be prepared to share their resources and markets with those who need them. "India is located at Asia's crossroads. And, we will assume our responsibility to build an inter-connected Asia," Modi said.

"An Asia of rivalries will hold us back. Asia of unity will shape the world," he said.Later, addressing the India-Republic of Korea CEOs Forum, Modi praised the spirit of entrepreneurship of the Korean people. "We in India want to achieve a lot of what Korea has already done.

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