Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, recently inspected the massive Hanwha Ocean shipyard in Geoje, South Korea.
Accompanying him was Ravi Kumar M, a senior technical official from the Directorate General of Maritime Administration.
Executive Vice President Chang-yong Kim guided the delegation through the four-point-nine million square metre facility.
The Indian team observed advanced shipbuilding operations involving LNG carriers, submarines, and mega container vessels.
This foreign tour supports India’s ambitious Maritime Amrit Kaal Vision 2047 initiative.
The Centre targets catapulting India into the top five global shipbuilding nations by 2047.
To execute this roadmap, the Union Cabinet approved sixty-nine thousand seven hundred twenty-five crore rupees.
The ministry actively encourages domestic shipyards to secure joint ventures with foreign leaders.
South Korea became India’s premier partner under the landmark 2026 VOYAGES framework.
Consequently, HD Hyundai signed a four-billion-dollar agreement for a mega shipyard in Tamil Nadu.
India is also courting Samsung Heavy Industries and Hanwha Ocean for technical support.
Simultaneously, officials maintain active discussions with major Japanese players like Imabari Shipbuilding and Mitsubishi.
European shipbuilders like Damen are expanding Indian operations to manufacture specialized electric vessels.
Meanwhile, Kolkata-based GRSE secured a strategic collaboration with Norway’s Kongsberg Maritime.
To boost local manufacturing, the government plans to purchase over four hundred vessels.
This ten-year procurement initiative carries an estimated value of nearly twenty-three billion dollars.
Authorities also offer capital support through the updated Shipbuilding Financial Assistance Scheme.
Additionally, new government schemes develop greenfield clusters with shared infrastructure for quick integration.
The Korea Marine Equipment Association opened a Mumbai office to streamline component manufacturing.
State-owned entities like Mazagon Dock seek foreign partners for major maritime hubs.
Furthermore, Cochin Shipyard expands its green shipping capabilities through partnerships with European firms.
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