India and South Korea have agreed to deepen their bilateral cooperation across key sectors, including electric vehicles (EVs), electronics manufacturing, and digital trade, marking a new chapter in their strategic and economic partnership. The decision follows high-level talks between India’s Minister of State for Commerce and Industry, Jitin Prasada, and South Korea’s Yeo Han-Koo, former Trade Minister, during a recent bilateral engagement.
The discussions focused on exploring joint initiatives in EV components, semiconductor manufacturing, clean technologies, and trusted digital supply chains, all of which align with both nations’ ambitions to drive sustainable growth and technological innovation. The move builds on existing trade frameworks and signals intent to expand cooperation under the Comprehensive Economic Partnership Agreement (CEPA).
According to official statements, both sides reaffirmed their commitment to advancing industrial collaboration and supply chain resilience, especially in the fast-growing EV sector. South Korea, home to global giants such as Hyundai, Kia, and LG Energy Solution, has played a major role in strengthening India’s EV ecosystem through technology transfer, battery innovation, and component sourcing.
Meanwhile, India’s strong manufacturing capabilities under the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives have created opportunities for foreign investors to collaborate in areas such as battery production, digital trade infrastructure, and advanced electronics.
Commerce Ministry officials emphasised that the dialogue also addressed WTO reform, market access, and public stockholding for food security, showcasing the broad scope of cooperation beyond industrial policy. The two countries aim to foster a more inclusive and balanced trade relationship that benefits industries and consumers in both nations.
Industry experts say the collaboration could help India accelerate EV adoption and bolster its manufacturing competitiveness. “This partnership represents a win-win scenario for both economies—Korea brings advanced technology, and India offers scale and a rapidly growing EV market,” said an analyst at the Indian Institute of Foreign Trade (IIFT).
With both nations prioritising clean energy transition and digital innovation, the India–Korea partnership is expected to yield significant outcomes in EV technology, semiconductor ecosystems, and e-mobility infrastructure in the coming years.
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