Several members of the Indian community were present at the airport to welcome Narendra Modi. They waved Indian flags and shook hands with the leader as he disembarked from the flight
Shortly after his arrival, PM Modi visited the Seoul National Cemetery directly from the airport to start with a wreath-laying ceremony at the Seoul National Cemetery and pay tribute to the martyrs
During his two-day visit on May 18-19, PM Modi will meet business leaders and will be hoping to attract investments of $10 billion for the infrastructure projects.
South Korea visit by Narendra Modi -- part of a 6-day
East Asia tour -- is packed with a whirlwind of meetings with business
tycoons from South Korea's largest conglomerates, including Hyundai,
Samsung and LG.
All three
manufacturing giants operate plants in India where they enjoy sizeable
shares of the vast consumer market for cars, smartphones and home
appliances.
Modi is looking
to secure promises of bigger investments as part of his "Make In India"
initiative, aimed at fostering the nation's relatively weak
manufacturing sector.
"South
Korea has made far less investment in India than other Asian rivals like
China or Japan despite the country's vast growth potential," Oh
Hwa-Suk, head of the Seoul-based India Economy Research Institute, toldBilateral trade is about $16 billion and the two sides are keen to see that it goes up substantially. There are 300 Korean companies which have invested about $3 billion in India. They employ about 40,000 workers in India.
India's investment in South Korea is close to $two billion. Indian companies are looking forward to greater access in Korea to pharmaceutical and IT products.
Prime Minister Narendra Modi and South Korean President Park Geun-hye are greeted by South Korean elementary school students during a welcoming ceremony at the presidential house in Seoul.
Prime Minister Narendra Modi with President Park Geun-hye in Seoul
India and South Korea on Monday May 18,2015 signed 7 bilateral agreements
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