India seeks investment, tech transfer from S. Korea, Japan to set up shipbuilding

India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official.

- 

Currently, India holds less than 1 per cent of the global shipbuilding market, dominated by China, South Korea, and Japan.

"We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), told a group of journalists here.