India and South Korea forge major maritime partnership targeting Rs 2.2 lakh crore investment. The strategic alliance focuses on joint shipbuilding ventures, shipyard modernization, and infrastructure development. India plans to procure over 400 vessels worth approximately USD 25 billion, creating substantial opportunities for Korean companies in components and ancillary sectors. Both nations will collaborate on upgrading Indian facilities including block fabrication units and dry docks for specialized vessel construction. The partnership includes comprehensive skill development programs through the Korea International Cooperation Agency and India's Ministry of Ports, Shipping and Waterways. This bilateral framework aims to establish a resilient, sustainable shipbuilding ecosystem while positioning Korean firms for significant expansion into India's growing maritime sector.
