Wednesday 20 May 2015

South Korea:A reliable partner...

Just as the Indian Prime Minister set his feet on the soil of South Korea, he started a new epoch of bilateral cooperation between two heavyweight nations of the world which is slated to become one of the best and biggest cooperation between any two nations.


Indeed Indian Prime Minister has made a very crucial decision to take up South Korea as one of his biggest priorities because there is hardly any other nation out there which can assist India and strike up a great partnership as much extensively as South Korea.


If we talk about the period of 1960s then South Korea was one of the poorest nations of the world but as the “Miracle of Han River” unfolded the world just saw this great nation with an open mouth and today India stands on the same side of the history. Though India’s condition today is still much better than the 1960’s South Korea but still we are still a long way behind the aims that we have in our mind.
Today South Korea has an overall trade of $18 billion USD with India which bilateral investments range to around $4 billion USD and around more than 450 Korean companies are completely well established in India. South Korea is now a champion in manufacturing industry. With world famous companies like Samsung, Hyundai and LG electronics it is hardly behind any other nation in terms of its manufacturing capability and as Mr. Modi wishes to transform India into a manufacturing hub, he can surely take assistance from South Korea. Moreover as South Korea has more than 85% of its total investments, in the manufacturing sector in India, this fact can be heavily exploited in order to help India see the success of “MAKE IN INDIA” campaign…. South Korea is also a master in vocation training and skill development programs and hence can be a great source of mentor for India which has just started out on this venture in order to produce a well-qualified workforce in the nation.
The other thing is “Digital India” program. South Korea can help our this program too immensely. Today South Korea is a completely tech-savvy nation with around 97% people having broadband connections and also having world’s highest number of internet subscribers and hence this nation can amount very significantly in filliping India’s “Digital India” program sans any doubt.

Mr. Modi’s third plan of smart cities can also find South Korea as a reliable partner because Songdo, world’s first smart city is in South Korea only. South Korea’s rich experience in maintenance and construction of smart cities can be certainly of huge benefit for India.

All in all we can’t find a better partner than South Korea if we want to move up and transform India into a vibrant country. Today we just need to focus on our ties with this wonderful nation and work for the best.

JAI HIND, JAI BHARAT
JAI MA BHARTI



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