NEW DELHI :India and South Korea are discussing joint growth tasks in neighbouring nations corresponding to Sri Lanka and Bangladesh, in line with individuals conscious of the matter.

While talks are nonetheless in early levels, the event is important because it displays a renewed give attention to bilateral relations between India and South Korea, with Seoul seen increasing its strategic pursuits past East Asia.

Mint had earlier reported that South Korean president Yoon Suk-Yeol is eyeing a go to to India to push key tasks and focus on strategic applied sciences, the Indo-Pacific Oceans Initiative and China-related issues.

This additionally comes on the heels of India’s goal to associate key nations such because the US, the UK, Germany and Japan to ship tasks in third nations. Resources and technical experience from various these nations will assist enhance India’s pitch for better integration with its neighbours, countering China’s regional financial affect.

On the sidelines of the G20 Summit in September, Prime Minister Narendra Modi met South Korean president Yoon and mentioned commerce, investments, protection, semiconductors, and battery applied sciences in addition to their bilateral Special Strategic Partnership together with world and regional points.

Seoul has been wanting to strengthen ties with India. The nation’s “New Southern Policy,” applied underneath former president Moon Jae-in, sought to give attention to ASEAN and India.

“First, we’ll advance our particular strategic partnership with India, a number one regional associate with shared values. India presents nice potential for progress, having the world’s second largest inhabitants and cutting-edge IT and area applied sciences,” read Korea’s newly released Indo-Pacific strategy. “We will increase strategic communication and cooperation through high-level exchanges in foreign affairs and defense, while strengthening the foundation for enhanced economic cooperation by upgrading the ROK-India Comprehensive Economic Partnership Agreement (CEPA),” it added.

Another spotlight of this cooperation is the just lately unveiled trilateral between India, the US and South Korea on strategic applied sciences, which was initiated as Washington and Seoul launched their Next Generation Critical and Emerging Technologies Dialogue earlier in December.

Seoul and Washington agreed to carry “National Security Council and National Security Office-led consultations with like-minded companions on essential and rising applied sciences together with by launching an off-the-cuff trilateral know-how dialogue with India within the first quarter of 2024″.

During South Korea overseas minister Park Jin’s go to to India in April, discussions centered on commerce, funding, and know-how, underscoring the rising partnership between the 2 nations.