Modi in South Korea HIGHLIGHTS: PM thanks countrymen for getting Seoul Peace Prizehttps://indianexpress.com/article/india/pm-narendra-modi-south-korea-visit-live-updates-gandhi-statue-seoul-peace-prize-5593969/

Modi in South Korea HIGHLIGHTS: PM thanks countrymen for getting Seoul Peace Prize

PM Narendra Modi in South Korea HIGHLIGHTS: PM Modi unveiled a bust of Mahatma Gandhi at Yonsei University in Seoul Thursday. He will also accept the Seoul Peace Prize conferred upon him by the South Korean government later.

Modi in South Korea LIVE Updates: Mahatma Gandhi's ideals a solution to terrorism, says PM
PM Narendra Modi unveiling a bust of Mahatma Gandhi at Yonsei University in Seoul. (Source: Twitter/MEAIndia)

PM Modi in South Korea LIVE Updates: Prime Minister Narendra Modi unveiled a bust of Mahatma Gandhi at Yonsei University in Seoul Thursday as part of his two-day South Korea visit. Speaking at the occasion, PM Modi said, “The thoughts and ideals of Bapu have the power to help us overcome the menace of terrorism and climate change, two challenges humanity faces in these times.”

Earlier in the day, PM Modi addressed the India-Korea Business Symposium and highlighted different steps taken by his government to transform India into an investor-friendly ecosystem. “India has emerged as a land of opportunities. While we work for realizing the ‘Indian Dream’, we seek like-minded partners. And, among them, we see South Korea as a truly natural partner,” Modi said at the event. “We are one of the most open countries for Foreign Direct Investment today. More than 90 per cent of our sectors are now on automatic route for approval,” he added.

PM Modi will be conferred the Seoul Peace Prize by the South Korean government, spokesperson of the Ministry of External Affairs Raveesh Kumar said in a tweet.

Live Blog

PM Modi will have bilateral and business engagements during his two-day tour to the Republic of Korea. Follow LIVE Updates here.

PM Modi thanks countrymen for getting Seoul peace prize

While addressing the Indian diaspora in South Korea, Prime Minister Narendra Modi on Thursday thanked countrymen for getting Seoul peace prize. He also called upon the Indians living in South Korea to contribute to the nation's growth. He also hailed the cultural and historical importance of Kumbh.

PM Modi addressing Indian Community in South Korea

Discussion between PM Modi and members of India-Korea Parliamentary Friendship Group underway

PM gifts a Bodhi tree sapling to Mayor of Gimhae

PM gifts a Bodhi tree sapling to Mayor of Gimhae Heo Seong gon as a mark of close ties between the South Korea and India.

In pics: PM Modi unveils a bust of Mahatma Gandhi in Seoul

Prime Minister Narendra Modi, South Korea President Moon Jae-in, and former UN Secretary-General Ban Ki-moon unveil a bust of Mahatma Gandhi at the Yonsei University in Seoul, South Korea.

Bapu showed what living in harmony with nature is: PM Modi

PM Modi at the unveiling of Bapu's bust at Seoul: "Through his lifestyle, Bapu showed what living in harmony with nature is. He also showed that it is important to leave a clean and green planet for the future generations."

Bapu's ideals have the power to help us overcome menace of terrorism: PM Modi

PM Modi at the unveiling of Bapu's bust at Seoul: "The thoughts and ideals of Bapu have the power to help us overcome the menace of terrorism and climate change, two challenges humanity faces in these times."

PM Modi unveils Mahatma Gandhi's bust in Seoul

PM Narendra Modi unveiled the bust of Mahatma Gandhi at Yonsei University in Seoul Thursday. At the inauguration, PM Modi said, "It is an honour to unveil the bust of Bapu at Yonsei University in Seoul. This becomes even more special because we are doing so at a time when we mark the 150th birth anniversary of Bapu."

PM Modi endorses Start-up India at Seoul Business Symposium

PM Narendra Modi at the India-Korea Business Symposium in Seoul: "Research and innovation would be the driving force in 4th industrial revolution era. And, we do understand that the role of government is to provide the support system. In this regard, we have introduced flagship program Start-up India with 1.4 billion Dollars fund for four years to create a startup eco-system in India."

South Korea has huge opportunity to invest in automobile sector in India: PM Modi

PM Narendra Modi at the India-Korea Business Symposium in Seoul: "While aiming for fast economic growth, India is also rooted in the principles of ensuring sustainable economic growth. For example in Automobile sector, the National Electric Mobility Mission aims for affordable and efficient Electric Vehicles. South Korea being a leading manufacturer of Electric Vehicles has a huge opportunity in this sector in India."

PM Modi on India's role in renewable energy sector

PM Narendra Modi at the India-Korea Business Symposium in Seoul: "In renewable energy, we have become the sixth largest producer in the world. This, and our initiative of the International Solar Alliance, will enable India to be a pioneer in moving in the direction of a green Global economy."

Govt delivered subsidies and services to previously unbanked: PM Modi

PM Narendra Modi at the India-Korea Business Symposium in Seoul: "Under the Mudra scheme, we have extended micro-credit worth more than 90 billion dollars to 128 million persons over the past three years. 74 per cent of these loans have gone to women."

"We have leveraged the power of a biometric identity system, bank accounts and mobile phones, to deliver subsidies and services to the previously unbanked. Government benefits worth more than 50 billion dollars are now transferred directly to the beneficiaries, thus removing leakages," he added.

We have taken strong initiatives for financial inclusion: PM Modi

PM Narendra Modi at the India-Korea Business Symposium in Seoul: "We are one of the most open countries for Foreign Direct Investment today. More than 90 percent of our sectors are now on automatic route for approval. We are also focused on making our growth inclusive. It is for this reason that we have taken strong initiatives for financial inclusion."

"In the course of the past three years, we have opened over 300 million bank accounts for those who never had a bank account. Now, 99 per cent of Indian households have a bank account and more than 12 billion Dollars have been deposited in these accounts," he added.

We are determined to move into top 50 of World Bank’s Ease of Doing Business ranking by next year: PM Modi

PM Narendra Modi at the India-Korea Business Symposium in Seoul: In the last four years, we have jumped 65 places in the World Bank’s Ease of Doing Business ranking, to 77th. And, we are determined to move into the top 50 next year.

Fundamentals of our economy are sound: PM Modi

PM Narendra Modi at the India-Korea Business Symposium in Seoul: The fundamentals of our economy are sound. We are well set to become a 5 trillion dollar economy in the near future. No other large economy in the world is growing at over 7 percent year after year. Hard policy decisions such as the introduction of GST have been taken.

Today's India is going through a great transition: PM Modi

PM Narendra Modi at the India-Korea Business Symposium in Seoul: Today, India, a country of 1.25 billion people, is going through a great transition. It is changing from: an agriculture dominated economy to an economy led by industry and services; an economy that is closed to one that is globally inter-linked; an economy that is known for its red tape, to one known for a red carpet.

PM Modi in Seoul: India has emerged as a land of opportunities

PM Narendra Modi at the India-Korea Business Symposium in Seoul: India has emerged as a land of opportunities. While we work for realizing the ‘Indian Dream’, we seek like-minded partners. And, among them, we see South Korea as a truly natural partner.

PM Modi arrives at India-Korea Business Symposium

PM Narendra Modi arrives at the India-South Korea Business Symposium in Seoul. Top South Korean business leaders will hear PM speak about the growing business opportunities in India.

People to people ties bedrock of our relationship, says PM Modi in his departure statement

Earlier in his departure statement yesterday, Modi said, "Our people to people ties and exchanges, as always, provide the bedrock of our ties of friendship. We were touched by President Moon’s decision to send the First Lady as his special representative at the ‘Deepotsav’ Festival held in Ayodhya last November."

India ROK relationship with South Korea

PM Modi's statement prior to departure for the Republic of Korea: "The growing depth and variety in our relationship has been accentuated by the harmony between our Act East Policy and ROK’s New Southern Policy. Working together, we are determined to take our relationship forward as a ‘future oriented partnership for People, Prosperity and Peace’."

India and ROK share vision of regional and global peace, says PM Modi in departure statement

Earlier in his departure statement, Modi said his visit to the Republic of Korea is reflective of the importance "we both attach to our relationship".

"We regard the Republic of Korea as a valued friend, a nation with which we have a Special Strategic Partnership. As fellow democracies, India and the ROK have shared values and a shared vision for regional and global peace," the Prime Minister said.

PM Modi meets Indian diaspora in Seoul

Prime Minister Narendra Modi meets the Indian diaspora on his arrival in South Korea for a two-day visit Thursday.

PM Modi arrives in Seoul on Thursday. (Source: Twitter/PMOIndia)

PM Modi arrives in Seoul on Thursday. (Source: Twitter/PMOIndia)

PM Narendra Modi in South Korea LIVE Updates: Modi is visiting South Korea on the invitation of President Moon Jae-in. This is his second visit to the Republic of Korea since 2015 and the second summit meeting with President Moon Jae-in. During this visit, apart from my discussions with President Moon, Modi will meet with business leaders, members of the Indian community as well as eminent persons from all walks of life.

On the eve of the Prime Minister's visit to South Korea, MEA Spokesperson Raveesh Kumar said the visit would strengthen India's special strategic partnership with South Korea and add dynamism to the Look East Policy.

Earlier in his departure statement, Modi said his visit is reflective of the importance "we both attach to our relationship".

"We regard the Republic of Korea as a valued friend, a nation with which we have a Special Strategic Partnership. As fellow democracies, India and the ROK have shared values and a shared vision for regional and global peace," the prime minister said.

"As fellow market economies, our needs and strengths are complementary. South Korea is an important partner for our 'Make in India' initiative as well as in our 'Start Up India' and 'Clean India' initiatives," Modi said.

He said collaboration between the two in the field of science and technology is encouraging, with joint research ranging from basic to advanced sciences.

"Our people to people ties and exchanges, as always, provide the bedrock of our ties of friendship,” he said.

"Working together, we are determined to take our relationship forward as a 'future-oriented partnership for People, Prosperity and Peace'," he added.