Posco gets go-ahead as India, South Korea ink five accords
The USD 12 billion Posco steel plant in Odisha, the largest FDI in India, Thursday finally got the go ahead as South Korea and India signed five agreements including in defence and space.
The agreements were signed in the presence of South Korean President Park Guen-hye and Prime Minister Manmohan Singh.
President Park said while the Posco plant had been delayed, both sides should ensure smooth sailing for the 8 million tonnes per annum project coming up in Jagatsinghpur in Odisha.
President Park said she proposed to Manmohan Singh that both countries should cooperate in defence and that India could purchase mine sweepers from her country.
India has agreed to provide visa on arrival to South Koreans. She said she appreciated the gesture.
Manmohan Singh said both sides have concluded talks on double taxation avoidance convention and were exploring the possibility of setting up a Korean industrial park in India.
He said both countries were to set up a CEOs forum to provide ideas to boost trade.
(Posted on 16-01-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
MORE MAPS OF INDIA:
INDIA CITY MAPS:
KERALA TRAVEL MAPS: