India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official. Currently, India holds less than 1 per cent of the global shipbuilding market, dominated by China, South Korea, and Japan."We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), told a group of journalists here.Ramachandran was in Goa to participate in the 20th Maritime State Development Council (MSDC), where plans for a mega shipbuilding park, spanning multiple states, were discussed."We have communicated to them (South Korea and Japan) that you come with your technology and investments, we will provide you land for setting up shipbuilding and ship repair clusters," he said.Ramachandran also said that Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has written to chief ministers of all states to provide land immediately if Japanese or Korean companies express interest in setting up shipbuilding and ship repair clusters in their states."At least three states have expressed interest in providing land for establishing shipbuilding and ship repair clusters," he said, without naming the states.According to him, this ambitious initiative aims to consolidate shipbuilding capabilities across regions, fostering greater efficiency and innovation.
India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official. Currently, India holds less than 1 per cent of the global shipbuilding market, dominated by China, South Korea, and Japan."We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), told a group of journalists here.Ramachandran was in Goa to participate in the 20th Maritime State Development Council (MSDC), where plans for a mega shipbuilding park, spanning multiple states, were discussed."We have communicated to them (South Korea and Japan) that you come with your technology and investments, we will provide you land for setting up shipbuilding and ship repair clusters," he said.Ramachandran also said that Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has written to chief ministers of all states to provide land immediately if Japanese or Korean companies express interest in setting up shipbuilding and ship repair clusters in their states."At least three states have expressed interest in providing land for establishing shipbuilding and ship repair clusters," he said, without naming the states.According to him, this ambitious initiative aims to consolidate shipbuilding capabilities across regions, fostering greater efficiency and innovation.
