Zee Media Bureau
Seoul: The Prime Minister Narendra Modi will hold one-to-one meetings with the Korean CEOs on the second day of his tour Tuesday.
The Prime Minister is slated to have one-one-one meetings with heads of Hyundai Motors, Samsung Electronics, LG Industries and Doosan Group besides addressing the India-Republic of Korea CEOs Forum, which would also be attended by the Korean President.
He will also visit the Hyundai Heavy Industries shipyard in the backdrop of shipbuilding emerging as an important area of cooperation between the two countries.
Considerable significance is being attached to this visit, the first state visit to be exchanged between India and South Korea since the change of government in India in May last year.
Bilateral trade is about USD 16 billion and the two sides are keen to see that it goes up substantially. There are 300 Korean companies which have invested about USD 3 billion in India. They employ about 40,000 workers in India.
India's investment in South Korea is close to USD two billion. Indian companies are looking forward to greater access in Korea to pharmaceutical and IT products.
Samsung and LG were looking at expanding their operations in India and Hyundai Motors may announce two more plants in India in addition to the two that it has now.
With Agency Inputs
