ID :
196844
Sun, 07/24/2011 - 13:09
Auther :
Shortlink :
https://www.oananews.org//node/196844
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President leaves for South Korea, Mongolia
New Delhi, Jul 24 (PTI) Indian President Pratibha
Patil on Sunday embarked on a week-long visit to South Korea
and Mongolia during which she will hold discussions with her
two counterparts on a wide range of issues like civil nuclear
cooperation, trade and defence.
Patil will stay in Korea till July 26 and then visit
Mongolia from July 27-30.
Her visit is part of India's 'Look East Policy' to
further mutual relationships with the countries known for
manufacturing variety of home appliances and rich minerals
besides other natural resources.
Besides meeting her counterparts in the two nations,
she will attend a host of programmes. A number of important
agreements will also be signed at both Seoul and Ulaanbaatar.
Patil will meet the business community in South
Korea, which is home to various IT companies and home
appliances giants including LG, Samsung and Daewoo.
South Korea with a GDP of about USD 1 trillion is
spread in 99,327 sqkm area, approximately 12 per cent larger
than West Bengal, and has 48.7 million population. The trade
between India and Korea touched the USD 17 billion mark in
2010.
The President will also strongly pitch for a civil
nuclear cooperation with her Korean counterpart during the
visit.
The Indian community in Seoul is estimated to be about
8,000 and over 1,000 IT professionals and engineers are
working in Korea. Besides, about 500 Indian scientists or
post-doctoral scholars are doing research in that country.
She will also pay floral tributes at the statue of
Nobel Laureate Rabindranath Tagore in Seoul. The statue was
inaugurated by Lok Sabha Speaker Meira Kumar during her visit
to South Korea in May as part of the poet's 150th birth
anniversary celebrations.
Patil's visit to Mongolia is aimed at finding new
avenues in trade and cultural relationship with tie ups in
defence, IT, trade and mining.
About 92 per cent of the population in the country
follows Buddhism. Mongolia shares its border with China and
Russia and has a GDP of USD 6.6 billion.
India exports pharmaceutical products, veterinary
medicines, automobiles and its parts to Mongolia and the trade
between the two nations has touched USD 16.9 million.
Mongolia has established free trade zones on its
border points with China and Russia and is pursuing the policy
of attracting foreign investments and considered as Most
Favoured Nation (MFN).
Patil will be the first Indian President to visit
Mongolia after a gap of 23 years.
During her visit, Patil will meet President Ts
Elbedorj and women politicos there. She will also pay homage
at a statue of Mahatma Gandhi, installed in 2006.
The Mongolian President had in September 2009 visited
India and signed several mutual agreements for comprehensive
partnership.
The visit also seeks to explore ties for providing
assistance in exploration of mines as Mongolia is a
mineral-rich country and holds vast scope in this sector.
Patil on Sunday embarked on a week-long visit to South Korea
and Mongolia during which she will hold discussions with her
two counterparts on a wide range of issues like civil nuclear
cooperation, trade and defence.
Patil will stay in Korea till July 26 and then visit
Mongolia from July 27-30.
Her visit is part of India's 'Look East Policy' to
further mutual relationships with the countries known for
manufacturing variety of home appliances and rich minerals
besides other natural resources.
Besides meeting her counterparts in the two nations,
she will attend a host of programmes. A number of important
agreements will also be signed at both Seoul and Ulaanbaatar.
Patil will meet the business community in South
Korea, which is home to various IT companies and home
appliances giants including LG, Samsung and Daewoo.
South Korea with a GDP of about USD 1 trillion is
spread in 99,327 sqkm area, approximately 12 per cent larger
than West Bengal, and has 48.7 million population. The trade
between India and Korea touched the USD 17 billion mark in
2010.
The President will also strongly pitch for a civil
nuclear cooperation with her Korean counterpart during the
visit.
The Indian community in Seoul is estimated to be about
8,000 and over 1,000 IT professionals and engineers are
working in Korea. Besides, about 500 Indian scientists or
post-doctoral scholars are doing research in that country.
She will also pay floral tributes at the statue of
Nobel Laureate Rabindranath Tagore in Seoul. The statue was
inaugurated by Lok Sabha Speaker Meira Kumar during her visit
to South Korea in May as part of the poet's 150th birth
anniversary celebrations.
Patil's visit to Mongolia is aimed at finding new
avenues in trade and cultural relationship with tie ups in
defence, IT, trade and mining.
About 92 per cent of the population in the country
follows Buddhism. Mongolia shares its border with China and
Russia and has a GDP of USD 6.6 billion.
India exports pharmaceutical products, veterinary
medicines, automobiles and its parts to Mongolia and the trade
between the two nations has touched USD 16.9 million.
Mongolia has established free trade zones on its
border points with China and Russia and is pursuing the policy
of attracting foreign investments and considered as Most
Favoured Nation (MFN).
Patil will be the first Indian President to visit
Mongolia after a gap of 23 years.
During her visit, Patil will meet President Ts
Elbedorj and women politicos there. She will also pay homage
at a statue of Mahatma Gandhi, installed in 2006.
The Mongolian President had in September 2009 visited
India and signed several mutual agreements for comprehensive
partnership.
The visit also seeks to explore ties for providing
assistance in exploration of mines as Mongolia is a
mineral-rich country and holds vast scope in this sector.
