South Korea keen to partner with India in defence sector
India is expected to spend USD 100 billion on defence modernisation and acquisition programme over the next five years, Joong-Keun said.
By PTI | Updated:
KOLKATA: South Korea is keen to forge a partnership with India's defence sector in shipbuilding, electronics and aeronautics where it has cutting edge technology, its Ambassador to India Kim Joong-Keun said here on Monday.
India is expected to spend USD 100 billion on defence modernisation and acquisition programme over the next five years, Joong-Keun said.
He said a Korean firm had been selected by India to supply eight minesweepers and a number of other Korean firms were participating in various biddings under India's defence modernisation programme.
''If these firms become successsful, it will mark the beginning of a long-term defence cooperation between the two countries,'' Keun said at an interactive session with the Merchants' Chamber of Commerce. ` Dwelling on civil nuclear energy cooperation between the two countries, Keun said ''this has opened up new avenues for enchancing our economic relationship.''
He said Korea was engaged in building nuclear power plants for the last four decades and has 20 nuclear power plants which account for 40 per cent of its energy need. ''We are already in discussion to set up nuclear plants in India,'' he said.
India is expected to spend USD 100 billion on defence modernisation and acquisition programme over the next five years, Joong-Keun said.
He said a Korean firm had been selected by India to supply eight minesweepers and a number of other Korean firms were participating in various biddings under India's defence modernisation programme.
''If these firms become successsful, it will mark the beginning of a long-term defence cooperation between the two countries,'' Keun said at an interactive session with the Merchants' Chamber of Commerce. ` Dwelling on civil nuclear energy cooperation between the two countries, Keun said ''this has opened up new avenues for enchancing our economic relationship.''
He said Korea was engaged in building nuclear power plants for the last four decades and has 20 nuclear power plants which account for 40 per cent of its energy need. ''We are already in discussion to set up nuclear plants in India,'' he said.
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