India and South Korea on Monday set the target of nearly doubling annual bilateral trade to $50 billion by 2030, and announced upgrading their Comprehensive Economic Partnership Agreement (CEPA) within a year, after talks between Prime Minister Narendra Modi and visiting South Korean President Lee Jae Myung. Currently, trade between the two countries stood at $ 27 billion. The leaders said both countries are set to transform the trusted partnership to a futuristic partnership. “From chips to ships, from talent to technology, and from environment to energy, we will realise new opportunities for cooperation across all sectors,”Modi said.