New Delhi, Jan 17 (KNN)  India and South Korea have signed a Memorandum of Understanding (MoU) to promote business to business contact, while India is also keen to explore possibilities of cooperation in urban transport.
 
After the signing of tripartite Memorandum of Understanding between EEPC India (formerly known as Engineering Export Promotion Council), CII (Confederation of India Industry) and Kotra (Korea Trade and Investment Promotion Agency) here yesterday, Union Minister of State for Urban Development, Deepa Dasmunshi highlighted the importance of further stepping up India’s bilateral engagement with Korea which is amongst the most dynamic Asian economies.
 
The signing of the MoU coincides with the visit of Korean President Park Geun-hye to India.

The MoU, she said, provides a platform where the technical knowhow of both the countries in developing infrastructure can be shared. She added that it was very important to explore possibilities of cooperation in the Urban Transport Sector between the two countries.

With the signing of the MoU, the three top trade promotion organizations will improve the flow of information in India and South Korea which is key to the business communities of the two countries. The business to business contact will be improved through trade fairs, exhibitions, seminars and other promotional activities.

The MoU was signed by Chairman EEPC India, Anupam Shah, Kotra President & CEO, Young Ho Oh, and CII President (designate), Ajay Shriram.  (KNN/ES)