India and South Korea signed a set of agreements described as spanning “chip to ship” after Prime Minister Narendra Modi met South Korean President Lee Jae Myung in New Delhi. The talks were held at Hyderabad House during Lee’s official visit.
Following discussions, the two leaders said they would strengthen cooperation across multiple sectors, including defence, trade, technology and energy. They later addressed the media together.
Modi said Lee’s first visit to India marked a new milestone in bilateral ties, noting that relations have grown stronger over the past decade. He added that the partnership would expand across areas ranging from skills and technology to environment and energy.
President Lee said India is a fast-growing economic power and argued that bilateral trade has not yet reached its full potential. He said both sides aim to double trade to about Rs 4.15 lakh crore by 2030.
Lee also said the two countries would work to stabilise supplies of essential goods, including energy resources, in view of the situation in West Asia. He announced a decision to pursue joint shipbuilding, and said policies were being shaped to build a strong digital bridge, with artificial intelligence forming a foundation for deeper digital cooperation.
