NEW DELHI — President Lee Jae Myung said Korea and India are expected to strengthen ties and emerge as major strategic partners as both countries seek to enhance cooperation in global production and supply chains.
Speaking at a dinner with members of the Korean community in New Delhi at the start of his state visit, Lee described India as a key player in global manufacturing and supply networks. He noted that growing supply chain challenges and economic uncertainty are creating opportunities for closer coordination between the two countries.
Lee arrived in New Delhi with first lady Kim Hea Kyung for a three day state visit. During the trip, he is scheduled to hold a bilateral summit with Indian Prime Minister Narendra Modi to discuss expanding the special strategic partnership and strengthening supply chain stability.
The Korean president highlighted India’s economic potential, noting its large population and expanding role in global production. He said economic cooperation between Korea and India has not yet reached its full capacity despite strong growth prospects.
Lee also pointed out that both countries rely significantly on overseas sources for raw materials and energy, creating areas for potential collaboration. He added that closer coordination could help improve resilience and support long term economic cooperation.
Korea and India established diplomatic relations in 1973 and elevated ties to a special strategic partnership in 2015. However, Lee said cooperation levels remain relatively modest compared with India’s scale and economic potential. He expressed expectations that the summit would help expand trade, investment, and industrial collaboration.
The Korean community in India also emphasized the importance of the visit, noting India’s role as a major production hub and its potential as an expanded economic destination for Korean businesses. Community representatives said they expect tangible outcomes through combined diplomatic and business efforts.
During his visit, Lee also met Indian Minister of External Affairs Subrahmanyam Jaishankar to discuss the future direction of bilateral relations and opportunities to expand cooperation. Both sides exchanged views on increasing trade volume, encouraging investment, and supporting Korean companies operating in India.
Lee emphasized the goal of mutually beneficial strategic cooperation, noting there remains significant room for growth in trade and business presence. Indian officials also expressed support for expanding Korean investment and strengthening economic engagement between the two countries.
#SupplyChainNews #AsiaTrade #KoreaIndia #EconomicCooperation #GlobalSupplyChains
NEW DELHI — President Lee Jae Myung said Korea and India are expected to strengthen ties and emerge as major strategic partners as both countries seek to enhance cooperation in global production and supply chains.
Speaking at a dinner with members of the Korean community in New Delhi at the start of his state visit, Lee described India as a key player in global manufacturing and supply networks. He noted that growing supply chain challenges and economic uncertainty are creating opportunities for closer coordination between the two countries.
Lee arrived in New Delhi with first lady Kim Hea Kyung for a three day state visit. During the trip, he is scheduled to hold a bilateral summit with Indian Prime Minister Narendra Modi to discuss expanding the special strategic partnership and strengthening supply chain stability.
The Korean president highlighted India’s economic potential, noting its large population and expanding role in global production. He said economic cooperation between Korea and India has not yet reached its full capacity despite strong growth prospects.
Lee also pointed out that both countries rely significantly on overseas sources for raw materials and energy, creating areas for potential collaboration. He added that closer coordination could help improve resilience and support long term economic cooperation.
Korea and India established diplomatic relations in 1973 and elevated ties to a special strategic partnership in 2015. However, Lee said cooperation levels remain relatively modest compared with India’s scale and economic potential. He expressed expectations that the summit would help expand trade, investment, and industrial collaboration.
The Korean community in India also emphasized the importance of the visit, noting India’s role as a major production hub and its potential as an expanded economic destination for Korean businesses. Community representatives said they expect tangible outcomes through combined diplomatic and business efforts.
During his visit, Lee also met Indian Minister of External Affairs Subrahmanyam Jaishankar to discuss the future direction of bilateral relations and opportunities to expand cooperation. Both sides exchanged views on increasing trade volume, encouraging investment, and supporting Korean companies operating in India.
Lee emphasized the goal of mutually beneficial strategic cooperation, noting there remains significant room for growth in trade and business presence. Indian officials also expressed support for expanding Korean investment and strengthening economic engagement between the two countries.
#SupplyChainNews #AsiaTrade #KoreaIndia #EconomicCooperation #GlobalSupplyChains
