♤ In 2017 the two countries also signed agreements to establish $9 billion in concessional credit and $1 billion in Official Development Assistance (ODA) funding for infrastructure development projects in India.

2.3. Cultural Ties

♤ To further enhance cultural exchanges between Indian and Korea, an Indian Cultural Centre (ICC) was established in Seoul in April 2011.

♤ Another Culture Centre was established in Busan in December 2013 on Public Private Partnership mode.

♤ A bust of Rabindranath Tagore was unveiled in Seoul by the Speaker of the Lok Sabha Smt. Meira Kumar in May 2011.

♤ A bust of Mahatma Gandhi, presented by ICCR, was unveiled at the Hongbeop-sa temple in Busan on 21 July 2014.

♤ ICC in Seoul and Busan offers regular classes on yoga and dance, both contemporary and classical for promotion of Indian culture.