Korea’s leading shipbuilders are intensifying efforts to establish a foothold in India, motivated by the country’s ambition to become a major player in the global maritime industry. Samsung Heavy Industries recently entered into a memorandum of understanding (MOU) with Swan Defence and Heavy Industries, focusing on collaboration in shipbuilding and offshore engineering. Swan, which operates India’s largest dry dock, will partner with Samsung on ship design, engineering, procurement, and management.
The Indian government has unveiled the Maritime Amrit Kaal Vision 2047, a strategic initiative aimed at positioning India as a global maritime leader by 2047, coinciding with the centenary of its independence. Currently ranked 20th in global shipbuilding, India aims to break into the top 10 by 2030 and the top five by 2047, with plans to increase annual commercial ship production from 1,500 to 2,500.
In July, HD Korea Shipbuilding & Offshore Engineering signed an MOU with Cochin Shipyard Limited, India’s largest state-owned shipbuilder, to foster long-term collaboration. This partnership focuses on design support, productivity enhancement, and workforce development, while also seeking new shipbuilding orders in both Indian and international markets.
Meanwhile, Hanwha Ocean established the Global Engineering Center India to design components for floating liquefied natural gas facilities. However, the company clarified that it does not plan to acquire an Indian shipyard or collaborate with local builders.
Share it now
Related posts:
HD Hyundai Explores Shipyard Partnerships in India to Boost Local Shipbuilding Industry
India Seeks South Korea and Japan Investment to Boost Shipbuilding Industry
CMA CGM Advances LNG-Powered Shipbuilding and Maritime Investment in India
Transforming India’s Shipbuilding Industry with Proven Global Strategies
