# India Targets South Korean Marine Equipment Makers

> India seeks South Korean investment to boost shipbuilding and maritime manufacturing.
- Title: India Targets South Korean Marine Equipment Makers | Shortify
- Summary: India seeks South Korean investment to boost shipbuilding and maritime manufacturing. India aims to attract South Korean marine equipment makers through…
- Keywords: india, south korea, shipbuilding, maritime manufacturing, korea marine equipment association, mumbai, ship recycling facilities, alang sosiya yard, hong kong convention, Targets, South, Korean
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/india-woos-south-korean-marine-equipment-makers-as-shipbuilding-grows/articleshow/135215927.cms
- Author: Bikash Singh
- Published: 2026-10-26T16:53:00+00:00
- Read time: 1 min
- Topics: india, south korea, shipbuilding, maritime manufacturing, korea marine equipment association, mumbai, ship recycling facilities, alang sosiya yard, hong kong convention
## India's Maritime Strategy
Union Minister Sarbananda Sonowal pushed for universal maritime rules that all countries can implement effectively.

> The objective should therefore be common standards and outcomes, supported by cooperation that enables every Member State to implement them effectively
## World Maritime Day Meeting
Sonowal met with South Korea's marine equipment industry leaders at a high-level roundtable on World Maritime Day.
## International Standards
India aims for ambitious international standards that recognize national differences in development and access to finance.

> The principle of common but differentiated responsibilities and respective capabilities
## Korea Marine Equipment Association
Korea Marine Equipment Association (KOMEA) will open its first India office in Mumbai on October 30, 2025.
## Shipbuilding Growth
India approved a $7.8 billion shipbuilding package in September 2025, with 40% year-on-year output growth in 2025.
## Future Shipbuilding Plans
India's shipyards will build 400 vessels worth $23 billion over the next decade with government demand.
## Key takeaway

India aims to attract South Korean marine equipment makers through partnerships to grow shipbuilding, with $7.8 billion in shipbuilding approvals and 40% year-on-year output growth in 2025.