India woos South Korean marine equipment makers as shipbuilding grows
Reported by Economic Times Industry, not nibnow. We are not the publisher of this story, only the source is.
India's push for partnerships to adopt universal maritime standards and bring in Korean marine equipment technology could boost its shipbuilding industry and enhance safety and competitiveness, affecting jobs and trade.
Union Minister Sarbananda Sonowal highlighted the need for ambitious and universal maritime standards during the World Maritime Day roundtable. He stressed the importance of partnerships that facilitate the implementation of these standards among countries. Sonowal's discussions with the Korea Marine Equipment Association outlined collaborative opportunities in India's shipbuilding sector. Korea's involvement will focus on technology transfer and local manufacturing of marine equipment.
The Korea Marine Equipment Association represents South Korean firms that produce equipment for ships, and maritime standards are international rules that ensure safety, environmental protection and interoperability in global shipping.
- •Follow‑up announcements on any technology‑transfer agreements or joint ventures between Indian shipbuilders and Korean equipment makers
- •Implementation timeline for local manufacturing of marine equipment in India
- •Further policy statements or incentives from the Indian government to attract foreign maritime partners