An Indian government delegation recently visited major South Korean shipyards, including those of HD Hyundai, Hanwha Ocean, and Samsung Heavy Industries, to explore potential collaborations to boost India’s shipbuilding capabilities.
Key Goals:
- Enhance Indian Shipbuilding: India aims to significantly increase its shipbuilding capacity, currently less than 1% of the global market.
- Fleet Expansion: The country plans to expand its fleet by at least 1,000 vessels in the next decade, requiring significant investment in shipbuilding infrastructure.
- Technology Transfer: The collaboration with South Korean shipbuilders is expected to facilitate technology transfer and enhance India’s shipbuilding expertise.
Potential Outcomes:
- Joint Ventures: The Indian delegation explored potential partnerships, joint ventures, and technology transfer agreements with South Korean shipbuilders.
- Infrastructure Development: Investments in Indian shipyards are expected to modernize infrastructure and enhance their capabilities to build larger and more complex vessels.
This initiative aligns with India’s ambitious plans to become a major player in the global shipbuilding industry and strengthen its maritime sector.
