Archive · 25 Nov 2025
India Aims to Become Global Shipbuilding Hub
India wants to become one of the top countries in shipbuilding by 2047.
They have a big plan to build more ships and improve their shipbuilding industry.
India has already built important ships like aircraft carriers and submarines.
The government is investing a lot of money to help this plan.
They also have a partnership with South Korea to learn from their advanced technology.
India wants to work with other countries to build better ships and create new technologies.
They believe their shipbuilding industry is strong and can help the world.
India aims to become a top five shipbuilding nation by 2047 and a top ten by 2030.
South Korea's advanced shipbuilding technology and experience are seen as crucial for India's goals.
India plans to invest $24 billion and expand its commercial fleet from 1,500 to 2,500 vessels.
The Indian government approved a Rs 697 billion ($8 billion) package to revitalize the shipbuilding and maritime sector.
HD Hyundai and Cochin Shipyard Ltd. have signed a partnership agreement to promote bilateral cooperation in shipbuilding.
- Who
- India and South Korea
- What
- India seeks to become a global shipbuilding hub with South Korea's help
- When
- Announced on Tuesday (specific date not mentioned)
- Where
- Seoul, South Korea
- Why
- To expand shipbuilding capacity, strengthen maritime security, and achieve economic development goals
- Current Commercial Fleet Size
- 1,500 vessels
- Target Fleet Size
- 2,500 vessels
- Target Shipbuilding Rank by 2030
- Top 10
- Target Shipbuilding Rank by 2047
- Top 5
- Government Approved Package
- Rs 697 billion ($8 billion)
- Key Partnership
- HD Hyundai and Cochin Shipyard Ltd.
