South Korea President Moon Jae-in pitches for higher FDI into India

Moon and Modi are set to sign the updated Comprehensive Economic Partnership Agreement on Tuesday

South Korean companies are willing to invest in diverse sectors including infrastructure in India, South Korean President Moon Jae-in has said. But he also pitched for growing bilateral trade based on greater liberalisation, possibly hinting at South Korea's current standoff with India on expanding of the existing Comprehensive Economic Partnership Agreement (CEPA).

Speaking at the India-Korea Business Forum on Monday, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), Moon also said South Korean companies needed to boost investments in India beyond the existing $2.7 billion. This is expected to see South Korea stake a larger portion