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India's Fairwood Nuclear Pvt Ltd and South Korea's SK Securities Co Ltd have signed a strategic collaboration agreement to support the development and financing of small modular reactors (SMRs) and micro modular reactors (MMRs) in India, the companies said on Wednesday. The agreement aims to accelerate the commercial and technical development of advanced nuclear projects in India, as interest grows in low-carbon and energy-secure power generation technologies. Under the pact, the companies will work together on project development, industry engagement, investor outreach and fundraising initiatives. The partnership is expected to leverage SK Securities' network across the nuclear, infrastructure and financial sectors in South Korea and international markets to support future projects in India. "The agreement creates a strategic relationship focused on accelerating project development, strengthening international industry engagement and facilitating access to capital markets and nucle
India and South Korea are expected to hold negotiations on May 25 regarding the review of the comprehensive economic partnership agreement (CEPA), which was implemented in January 2010, an official said. The deliberations are important as India has suggested Korea to consider negotiating a fresh bilateral trade agreement to make it more contemporary and address concerns of the trade deficit. "The officials of the two countries are meeting on May 25 for the FTA review," the official said. Last month, in a bilateral meeting here, Commerce and Industry Minister Piyush Goyal made the suggestion to negotiate a fresh FTA to his Korean counterpart Yeo Han-koo. The minister, on multiple occasions, flagged India's concerns over the widening trade deficit between the two countries. India's exports to Korea declined 9.3 per cent to USD 5.81 billion in 2024-25 from USD 6.41 billion in 2023-24. Imports fell marginally by 0.34 per cent to USD 21 billion in 2024-25, leaving a trade deficit of US
India and Korea have agreed to explore joint initiatives in electronics and electric vehicle (EV) components, and digital supply chains, the commerce ministry said on Friday. It was discussed between the Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo. "In discussions...the focus areas included collaboration in manufacturing, digital technologies and clean technologies. The two sides agreed to explore joint initiatives in electronics, EV components, and trusted digital supply chains," it said. He also held bilateral meetings with ministers from Japan, South Africa, the Netherlands and discussed ways to boost trade and investments. The meeting was held on the sidelines of the G20 Trade and Investment Ministers' Meeting (TIMM) in Gqeberha, South Africa. In the discussions on the WTO (World Trade Organisation), Prasada called for the restoration of a fully functional, two-tier dispute settlement system with an operational appellate ...
Top officers from the Indian and Korean coast guard forces held a key meeting in Delhi on Monday, seeking to boost cooperation in maritime law enforcement, search and rescue and pollution response. The defence ministry said this in a statement. "Both sides engaged in discussions to boost cooperation in Maritime Search and Rescue (SAR), Pollution Response (PR), and Maritime Law Enforcement (MLE), while reaffirming their commitment to share best practices and enhance interoperability under the 2006 MoU, it said. This was the 13th High-Level Meeting (HLM) between the Indian Coast Guard (ICG) and the Korea Coast Guard (KCG) in Delhi. The meeting was co-chaired by Paramesh Sivamani, Director General, ICG, and KIM Yong Jin, Commissioner General, KCG, who is currently leading a five-member delegation on an official visit to India from July 20-24, the ministry said. As part of the visit, the KCG delegation will travel to Mumbai from July 23-24 for an industrial visit to Mazagon Dock ...