PM Modi Calls For Increased Investment From S.Korean Companies In India

19 May, Seoul

Prime Minister Narendra Modi has called for increased investment from South Korean Companies into India.

Speaking at the CEO forum in Seoul, he underlined the potential of cooperation between South Korean expertise in hardware with software capabilities of India.

He said government of India plans to build 50 million houses by 2022 as also build Smart Cities, industrial corridors and mega investment regions which provide immense investment opportunities for South Korean business and industry.

Modi also reiterated the commitment of his government to make its policies and governance conducive improving ease of business for foreign investment.

The Prime Minister visited an Urban Renewable Project site Cheonggyecheon stream in in the heart of Seoul city. The stream and the site have totally transformed from a neglected nullah to a popular tourist spot in the city.

The Prime Minister appreciated the renovation work and said the site is an example of what vision and will can make possible. A large number of Indians also came to greet the Prime Minister at the site