India-Korea Business Summit: Our relationship dates back centuries, says PM

New Delhi, Feb 27: India is one of the most open economies in the world, says Prime Minister Narendra Modi at India-Korea Business Summit adding that relations between India-Korea dates back centuries. "We are also bound by our Buddhist traditions. Nobel laureate Rabindranath Tagore composed poem 'Lamp of the East' in 1929 about Korea's glorious past and its bright future," says PM Modi at the India-Korea Business Summit in Delhi.

From Princess to Poetry and from Buddha to Bollywood India and Korea have so much in common, he said.

The summit aims to create the framework for an open and action-oriented dialogue between top business leaders and the government officials from India and Korea. The agenda of the summit will focus on specific sectors where new and immediate opportunities exist for Korean and Indian companies such as Infrastructure, ICT, Power, Smart Cities, Manufacturing and other strategic areas of collaborations.

Over 200 business delegates including top executives of some leading Korean business conglomerates and Government officials are participating in the Summit. India and Korea are the third and fourth largest economies in Asia.

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