India, South Korea sign agreements on trade and commerce

New Delhi : Union Commerce and Industries Minister Suresh Prabhu and South Korean Trade Minister Kim Hyun-Chong on Monday signed agreements on trade and commerce."Trade and commerce will play their own roles in taking bilateral relations between both the countries forward. We are going to take this relationship to a new level.

We had a fruitful and forward looking discussion, some ideas have come to forward while some will work in progress," Prabhu told media here.Earlier today, both the ministers began their meeting with breakfast, after which the agreements were discussed and signed.

Meanwhile, Hyun-Chong highlighted on the Samsung plant in Noida and said that the site would produce almost 10 million units of mobile phones in the coming years.

"Keeping with Prime Minister Narendra Modi's 'Make in India' policy, the first step was taken today, both the leaders (South Korean President and Prime Minister Modi) will visit Samsung's manufacturing site which will be producing 10 million units of mobile phones per month by 2020," Hyun-Chong told media here.
On a related note, South Korean President Moon Jae-in and Prime Minister Narendra Modi will visit a Samsung plant in Noida, Uttar Pradesh later today.

Prime Minister Modi, meanwhile, will also hold official talks with the South Korean President at Hyderabad House later in the day.