Archive · 18 Nov 2025
India Courts Japanese Shipping Giants for Global Shipbuilding Collaboration
India wants to become a big shipbuilding country.
It's talking to Japanese companies that are really good at making ships.
They might share their knowledge and work together to make ships in India.
India needs these ships for its energy industry, which is growing fast.
The government is helping with money to make this happen.
Union Minister Hardeep Singh Puri held discussions with top executives of Japan’s leading shipping companies
Aim is to make India a global maritime hub and boost its shipbuilding industry
Collaboration includes technology transfer, shipbuilding monitoring, and joint ship operations
Government has launched schemes like SBFAS and MDF to support shipbuilding industry
India's energy sector expansion requires large vessels, spending $5-8 billion annually on freight charges
- Who
- Union Minister Hardeep Singh Puri, Japanese shipping companies 'K' Line and NYK Line
- What
- Discussed collaboration in shipbuilding and technology transfer
- When
- November 18, 2022
- Where
- Japan
- Why
- To make India a global maritime hub and reduce dependence on foreign freight charges
- Shipbuilding Schemes
- Shipbuilding Financial Assistance Scheme (SBFAS) and Maritime Development Fund (MDF) with a combined corpus of over $6 billion
- Indian Energy Sector Growth
- Unprecedented expansion