India, South Korea discuss maritime cooperation, defense issues – News 24-7 Live News 24-7 Live
India, South Korea discuss maritime cooperation, defense issues

India, South Korea discuss maritime cooperation, defense issues

NEW DELHI: Indian and South Korean defense ministers met on Friday to discuss maritime cooperation as part of the Indo-Pacific strategy. They also discussed about cooperation in the defense industry and future technologies, officials said.
India’s defense ministry said in a tweet that visiting defense minister Suh Wook inaugurated an Indo-Korean friendship park in the Indian capital, Delhi commemorating the contribution of Indian peacekeepers during the Korean War in 1950s.

Indian media reports say both countries have been in discussions for military platforms and weapons, especially naval shipbuilding. Korean companies are keen to build minesweepers in the country and supply a self-propelled anti-aircraft defense system to the Indian military. Raj Kumar, an Indian defense ministry official, said all major Korean defense and shipbuilding companies have shown interest in India’s defense acquisition program.
He said that India has opened up the foreign direct investment (FDI) in the defense sector up to 74% from earlier 49%. “I would invite the Korean defense industry to take advantage of these investor-friendly initiatives,” he added.
The South Korean defense minister told Indian business leaders that the two countries have agreed to scale up cooperation in commerce as well as the defense sector. “The government and companies are proactively looking at defense cooperation.”
Both countries have a logistics agreement helping the Indian navy while operating in the Indo-Pacific region.
The South Korean minister ends his three-day visit on Saturday in the city of Agra to meet personnel of India’s 60 Para Field Hospital, which provided medical aid to UN and South Korean personnel during the Korean War.

News Source: The Times Of India

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