(IT News) January 22, 2010
Continuous and remarkable economic growth has allowed India to emerge as a global power, increasing its presence in the world economy. Unlike most economies to post negative growth at the height of the global crisis, India is actually expected to achieve an impressive growth rate exceeding five percent in 2009. Korea has world class competitiveness manufacturing devices or equipment. Plus, Korea is the 12 largest economy in the world. Space technology is also a new avenue for India and Korea to develop commercial space launch, remote sensing, mapping and GPS based navigation. In addition biotechnology and green technology these are other areas of potential interest in Korea. Counselor Rajasekhar made another insightful comment by stating, “By working together sky is the limit. Seize the opportunity – now when the Korean government and Comprehensive Economic Partnership Agreement (CEPA) are additional facilitating factors.
(Thaindian) January 25th, 2010
New Delhi, Jan 25 (IANS) Keen to give their growing economic ties the shape of a strategic partnership, India and South Korea Monday agreed to create a framework for bilateral civil nuclear cooperation and also signed pacts in areas ranging from peaceful uses of outer space to cooperation in IT. The two countries set a target of nearly doubling their $16 billion bilateral trade to $30 billion by 2014 and accelerate cooperation in areas like combating maritime piracy and joint development of military hardware. Prime Minister Manmohan Singh held talks with visiting South Korean President Lee Myung-bak Monday evening on a wide range of bilateral, regional and global issues, including the intensification of economic ties, UN reforms and cooperation in civilian nuclear energy, defence and civilian space technologies. The two sides inked four accords after the talks - related to cooperation in peaceful uses of outer space, IT, science and technology for the year 2010-12 and transfer of sentenced persons.
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