India and the Republic of Korea (ROK) have outlined a comprehensive framework to deepen cooperation in shipbuilding, shipping, and maritime logistics, following talks between Narendra Modi and Lee Jae Myung during the latter’s state visit.
Both nations recognised their complementary strengths and agreed to align India’s Maritime Amrit Kaal 2047 vision with Korea’s advanced shipbuilding capabilities. India invited Korean firms to anchor large greenfield shipbuilding clusters, supported by incentives under national and state policies.
A key highlight includes a proposed greenfield shipyard in southern India involving HD Korea Shipbuilding & Offshore Engineering and partners. The countries also aim to tap India’s ₹2.2 lakh crore demand for over 400 vessels to build resilient supply chains and boost local manufacturing.
Collaboration will extend to upgrading existing shipyards, developing maritime clusters, and strengthening ancillary industries, supported by institutions like the Korea Marine Equipment Association. Skill development initiatives led by the Korea International Cooperation Agency are also planned.
Port development, maritime education, and green shipping technologies will form key pillars of this expanding bilateral partnership.
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