South Korean President Lee’s India Visit to Focus on Nuclear, IT Exchange

Discussion in 'Indo Pacific & East Asia' started by RPK, Jan 21, 2010.

  1. RPK

    RPK Indyakudimahan Senior Member

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    Lee?s India Visit to Focus on Nuclear, IT Exchange


    President Lee Myung-bak's planned visit to India from Jan. 24 to 27 is expected to pave the way for closer bilateral cooperation in the development of nuclear and information technologies, officials here said Wednesday.

    Lee may focus on ``sales diplomacy'' in India, holding active discussions with policymakers and businesspeople there to lay the groundwork for Korean firms to secure more opportunities.

    According to sources, Lee and India's Prime Minister Manmohan Singh may sign a pact on nuclear technology exchange for peaceful purposes at their summit slated for Monday in New Delhi, opening the way for Korean firms to participate in India's project to build nuclear reactors.

    The accord doesn't guarantee any actual construction deals between the two countries, but it means India will allow Korean firms to participate in bidding for the plants, a Cheong Wa Dae spokesman said.

    After signing a $20 billion deal to build four reactors in the United Arab Emirates last month, the administration announced a master plan to nurture the country's indigenous nuclear plant into a key export item like automobiles, semiconductors and ships. Reports said Turkey will follow suit soon to import nuclear reactors from Korea.

    Lee's India visit also provides a crucial opportunity for the two nations to discuss ways to set the future course of action following the Comprehensive Economic Partnership Agreement (CEPA), the de-facto free trade accord that took effect in early January.

    ``There will be active exchange of opinions this time to promote Korea-India trade and cultural exchanges based on the CEPA,'' the presidential spokesman told The Korea Times.

    ``This means Korea can explore export markets in a fast-developing country with a population of 1.2 billion. Ties with India are crucial for our economic prosperity in the future.''

    On the sidelines of the summit, Air Force officers will hold talks with their Indian counterparts to export KT-1 basic trainer. India is pushing for a project to replace its training aircraft in a bid to improve its defense capabilities and the Korean plane is a strong candidate. Korea has exported the KT-1s to Turkey and Indonesia.

    The Indian government has also expressed keen interest in importing T-50 supersonic trainer jets, sources said.


    President Lee will also ask for India's support for POSCO, the country's largest steelmaker, and other Korean firms seeking a deal to build a steel mill in southern India.

    Upon arrival in the industrial city of Chennai Sunday, Lee will attend a business forum hosted by Korean businesses operating there.

    He will move to New Delhi for a summit with Prime Minister Singh Monday and to meet with the country's political and business leaders. Lee plans to lecture on Korea-India economic ties at a university.

    The next day, he will observe a parade marking Republic Day, India's largest national celebration, as ``Chief Guest'' and meet with Korean community leaders in the Indian capital.

    On Jan. 27, he will depart for Switzerland to attend the World Economic Forum in the ski resort of Davos.
     
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  3. ppgj

    ppgj Senior Member Senior Member

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    'It would be great to see Indian techies in South Korea' - All That Matters - Sunday TOI - Home - The Times of India
     
  4. RPK

    RPK Indyakudimahan Senior Member

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    Korea and India Established Strategic Partnership

    http://english.etnews.co.kr/news/detail.html?id=201001260001


    Korea and India agreed upon to upgrade relations into strategic partnership in order to take leadership in IT age. That was the one step forward from long-term cooperative partnership for peace and prosperity established in 2004 to extend areas of cooperation into politics, economics and industry to go along in international stage.

    President Lee, Myung-bak, on state visit to India now, had summit with Indian Prime Minister Manmohan Singh in Hyderabad House on January to upgrade relations into strategic partnership and signed on Agreement containing 31 clauses in science, technology, IT, economy, trade and other areas. And they issued joint statement.

    The two nations agreed on raising fund worth of US$10million for science technology joint research. Each will spend US$5million to push for joint researches and technologies including Robotics engineering, renewable energy, bio engineering, water resources and environment, IT engineering and others. For joint projects, they will hold selection process for research projects once a year and expert workshop for a certain area more than twice.

    In space aviation area, KARI and ISRO will cooperate for space remote exploration, space communication, applications and navigation technology development. And they agreed to cooperation in lunar orbiter payloads and expert exchanges. But India hasn’t yet to be member of MTCR, so cooperation on launch vehicle will be made later.

    The two nations will expand mutual investments and human exchanges in IT area. Korean companies will take part in e government project and form a joint team to come up with IT cooperation such as Wibro. They will negotiate for entering India nuclear power plant market.
    Lee said, “Establishing strategic partnership with India with high potential is completion of new Asia diplomacy and will generate synergy from mutually complementary cooperation.”
     

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