India and South Korea Strengthen Logistics and Infrastructure Collaboration
| Key Points for Exam Preparation | Details |
|---|---|
| Why in News? | DPIIT (India) and KOTI (South Korea) signed an MoU on February 10, 2025, at Sejong National Research Complex to enhance cooperation in logistics and infrastructure development. The MoU was signed by Mr. Youngchan Kim (President, KOTI) and H.E. Amit Kumar (Ambassador of India to South Korea). The agreement focuses on master planning, technology adoption, and knowledge exchange under PM GatiShakti. |
| Department Involved (India) | Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry |
| Institution Involved (South Korea) | Korea Transport Institute (KOTI) |
| Location of Signing | Sejong National Research Complex, South Korea |
| Key Focus Areas | Logistics development, infrastructure planning, knowledge sharing, PM GatiShakti implementation, and cost reduction in logistics |
| Relevant Indian Policy | National Logistics Policy (NLP) - Launched on September 17, 2022, to reduce logistics costs and improve efficiency |
| Related Report | "Logistics Cost in India: Assessment and Long-Term Framework" (December 2023, by DPIIT & NCAER) |
| Past India-South Korea Agreements (2015) | Avoidance of Double Taxation, MoU on Audio-Visual Co-Production, Framework for Road Transport & Highways, MoU on Maritime Transport & Logistics |
| Prime Minister of India | Narendra Modi |
| Minister of Commerce & Industry (India) | Piyush Goyal |
| President of South Korea | Yoon Suk Yeol |