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    September 2014

Changing dynamics of India-South Korea ties


With Prime Minister Narendra Modi making a visit to Japan, the new Government has taken the lead in building stronger relations with the South Asian nations. South Korean President Park Geun Hye’s visit to India in July and inviting the Prime Minister to her country has also reaffirmed the improvement of ‘Look East’ policy under the Modi sarkar. In fact, in his speeches stressing the importance of infrastructure for economic growth, Modi has been frequently giving the examples of Japan and South Korea. Though South Korea was one of the earliest foreign investors after India’s economic liberalization in 1991, it could not keep its pace with Japan in doing business with India. While talking to Bureaucracy Today, Korea Trade-Investment Promotion Agency (KOTRA) Chief Director General Dong Seok Choi shares his country’s interest in investing in various sectors in India as the NDA Government is providing greater market access for foreign investors by easing FDI limits in various sectors. South Korean companies are hoping to expand their ties with India seeing the move as an opportunity to strengthen the foundations of their business in the country.  South Korea, which has already proved its mettle in developing high-tech infrastructure in the global arena, can be a reliable partner of India in modernizing the infrastructure. With South Korea already expressing interest in the Modi Government infrastructure plan and India turning to the East for sources of growth, a strategic partnership between the two countries would be beneficial for the economies of both.  Over Cover Story is a tribute to police personnel in India who work tirelessly behind the scenes to ensure that other citizens remain safe and secure. Unseen and unsung, these brave hearts work silently and constantly to make positive changes in the lives of thousands of people around them. They are the saviours of our darkest days. These knights in khaki go beyond the call of duty at grave risk to their lives for strangers and ensure that we sleep in peace.  

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