This Article is From May 19, 2015

Shipbuilding Top Priority for India: PM Modi to Hyundai Heavy Industries Chairman

Shipbuilding Top Priority for India: PM Modi to Hyundai Heavy Industries Chairman

PM Modi addressed South Korean CEOs in Seoul on the last day of his three-nation tour.

Ulsan, South Korea: Shipbuilding is one of the top priorities for India, Prime Minister Narendra Modi told the chairman of Korean manufacturing giant Hyundai Heavy Industries on Tuesday.

"Shipbuilding is a top priority for us." PM Modi tells Kil Seon Choi Chairman of Hyundai Heavy Industries," tweeted external affairs ministry spokesman Vikas Swarup.
Addressing the India-Korea CEOs forum earlier in the day in the South Korean capital Seoul, Prime Minister Modi said: "Your ship-building capacity and our agenda of port led development can become driver of our growth."

"At the forefront of maritime engineering. PM Modi visits Hyundai Heavy Industries Headquarters in Ulsan," Mr Swarup tweeted.

With several hundred Korean companies already operating in India, PM Modi earlier on Tuesday invited South Korean companies and asked them to help India achieve the economic success.

"We in India want to achieve a lot of what Korea has already done. That is why I, along with a large business delegation, are here," PM Modi said, addressing the joint CEOs forum in Seoul.

"Your steel-making capacity and our resources of iron ore can be put together," he said.

He said infrastructure and housing were the other fields where both countries could work together in a big way.

South Korea offered to provide $10 billion for infrastructure projects in India, including smart cities and railways, as Prime Minister Narendra Modi held talks with President Park Geun-hye in Seoul on Monday.

The two countries decided to elevate their ties to a special strategic partnership.