During a joint press statement, Prime Minister Modi lauded President Lee’s inaugural visit as a vital milestone for the two nations. "President Lee's life is an inspiring example of struggle, service, and dedication," the Prime Minister remarked, noting that the South Korean leader’s resolve to serve his people has only been strengthened by the challenges he has faced. Highlighting a deep-seated connection, PM Modi added that despite this being the President’s first visit to New Delhi, his affinity for India has been palpable since their very first encounter.
The Prime Minister emphasized that the partnership is anchored in shared fundamental principles, stating that democratic values, a market economy, and respect for the rule of law are embedded in the "DNA of both countries." This ideological alignment is complemented by a common outlook regarding the Indo-Pacific region, which both leaders resolved to keep peaceful, progressive, and inclusive.
Economically, the two nations have set an ambitious roadmap to double their current trade engagement. President Lee Jae Myung announced a joint objective to increase the annual trade volume from the current billion level to billion by 2030. He characterized India and Korea as "ideal partners" for innovation in an era of global uncertainty, agreeing to enhance cooperation in strategic industries such as shipbuilding, Artificial Intelligence (AI), finance, and defense.
"From chips to ships, talent to technology, environment to energy, we will realize new opportunities for cooperation in every sector," PM Modi declared, signaling a transition from the trusted collaboration established under the 2010 Comprehensive Economic Partnership Agreement (CEPA) into a more dynamic and comprehensive phase. The discussions further focused on investments, semiconductors, critical and emerging technologies, and strengthening people-to-people connectivity.
As both sides commit to this upgraded bilateral framework, the shift toward a futuristic partnership promises to ensure mutual progress and stability. The conclusion of these talks reaffirms that the synergy between New Delhi and Seoul will remain a cornerstone of regional prosperity, driving innovation across the Indo-Pacific landscape.sa
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