India conducts most of its trade by sea but relies heavily on foreign-flagged vessels—a structural gap a new South Korea partnership now aims to address.
India and South Korea on Monday unveiled a cooperation framework spanning shipyards, logistics and maritime technology, signed during South Korean President Lee Jae Myung’s visit to New Delhi.
The move targets a structural gap: India conducts most of its trade by sea but relies heavily on foreign-flagged vessels.
What do the India–South Korea maritime agreements include?
The framework covers shipbuilding, shipping and maritime logistics, linking maritime infrastructure to energy security.
Agreements signed include greenfield shipbuilding clusters with Korean technical partnerships, a large shipyard in southern India, and expansion of existing yards with dry docks and fabrication facilities. South Korean firms will act as “technical and strategic anchors” for design, manufacturing and operations.
