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S Korea to actively cooperate in 'Make in India' programme

ANI  |  New Delhi [India] 

South Korean Moon on Monday said that will actively collaborate in India's 'Make in India' flagship initiative.

Speaking at the India-business forum, organised by (FICCI), Moon said both and South are strong partners in the Information and Technology (IT) sector.

He further said that the two countries can expand their bilateral relations in other key fields such as shipbuilding, medical devices, food processing, and large-scale infrastructure.

On his new policy outreach 'New Southern Policy', Moon emphasised, "My new southern policy is aligned with Modi's Act East Policy. Both the policies will come to completion when prosperity spreads across the whole of I suggest future-oriented cooperation with a 3P+ approach that goes beyond the 'New Southern Policy' of that focuses on people, prosperity and peace."

"Combining the New Southern Policy with the Act East Policy will diversify our cooperative channels, thereby, establishing a starting point to become leading manufacturing countries," he added.

He invoked the historical links shared between and in the ancient times.

"and Korea have a long-standing history of exchange; you are a friend who helped us in time of need. India sent its medical units during the Korean War and cared us with a warm touch of their hand," President Moon noted.

Stressing to raise bilateral relations between the two countries beyond economic cooperation, he said, "We are committed to raising Korea's relations with India to the level as those with four major powers around the This commitment is embodied in my new Southern Policy that aims to move beyond economic-cooperation to building prosperous and people-centric community of peace."

President Moon underscored that the is willing to participate in the Smart City project.

"The is planning to build 100 smart cities and construct industrial corridor to link the major cities. It is our wish to participate in these infrastructural projects as well," he added.

On a lighter note, President Moon revealed that her daughter is a yoga instructor. He underscored that the citizens in the country kept themselves fit by doing yoga exercises.

Stressing on the expansion of free trade, he noted, "This is an important agenda for the to take our bilateral relations beyond the economic domain. We are keen on expanding bilateral trade so that the prosperity between the two countries is upheld in the future."

President Moon invited Indian entrepreneurs to invest in

Commenting on the success of the inter-Korean and US-summit, President Moon further said, "These summits opened a path to establish peace on the With this, the Korean's investment climate will improve and more business opportunities will be created."

President Moon is currently on a three-day visit to India, having arrived on Sunday evening.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 18:47 IST