From The Economic Times · Twesh Mishra · · 50s
Korea Marine Equipment Association Opens India Office
Korea Marine Equipment Association opens Mumbai office to boost Indian shipbuilding with tech and parts.
In brief
Korea Marine Equipment Association opens Mumbai office to boost Indian shipbuilding with tech and parts. Korea Marine Equipment Association will open an India office to collaborate on shipbuilding technology and parts with Indian yards. Originally reported by The Economic Times.
KOMEA opens Mumbai office
Korea Marine Equipment Association opens first India office in Mumbai Friday.
Collaboration plans for Indian yards
KOMEA offers work with Indian yards on design, modernization, technology transfer, joint education programs, and local manufacture of marine equipment and spare parts.
Minister highlights shipbuilding growth
Shipping minister says India approved $7.8 billion shipbuilding package in September 2025 with 40% output rise in 2025 and 80% growth in 2026.
Future shipbuilding pipeline
Shipping ministry reports 400 vessels worth $23 billion to Indian shipyards in next 10 years with 120 ships worth $1.27 billion already in pipeline.
What to remember
Korea Marine Equipment Association will open an India office to collaborate on shipbuilding technology and parts with Indian yards.
