Hardeep Puri urges India-Korea cooperation in shipbuilding

KOREA HAS THE TECHNOLOGICAL EXPERTISE AND EXPERIENCE IN SHIP CONSTRUCTION, WHILE INDIA OFFERS STRONG DEMAND, SKILLED MANPOWER AND SUPPORTIVE POLICIES, HARDEEP PURI SAID. HE SAID THAT VESSELS BUILT UNDER SUCH COLLABORATIVE ARRANGEMENTS CAN RECOVER COSTS WITHIN FIVE YEARS AND POSITION INDIA AS A MAJOR GLOBAL MARITIME HUB.MR. PURI WAS VISITING THE SPRAWLING HANWHA OCEAN SHIPBUILDING FACILITY AT GEOJE IN SOUTH KOREA. THE VISIT MARKS A KEY HIGHLIGHT OF THE MINISTER'S ONGOING ENGAGEMENTS IN THE REPUBLIC OF KOREA FROM NOVEMBER 13-15, AIMED AT DEEPENING MARITIME COOPERATION AND EXPANDING OPPORTUNITIES IN SHIPBUILDING, FLEET DEVELOPMENT, AND ENERGY TRANSPORTATION.

- STATESMAN NEWS SERVICE

Minister of Petroleum and Natural Gas Hardeep Singh Puri on Saturday called for cooperation between India and South Korea in shipbuilding, saying this cooperation model can help build vessels not only to meet India's growing needs but also to serve global markets.

Korea has the technological expertise and experience in ship construction, while India offers strong demand, skilled manpower and supportive policies, he said.

He said that vessels built under such collaborative arrangements can recover costs within five years and position India as a major global maritime hub.