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Sarbananda Sonowal invites Korean firms to invest in Indian shipyards, highlights USD 23 billion vessel demand pipeline

October 26, 2026 at 07:01 PM

New Delhi [India], October 26 (ANI): Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has invited South Korean marine equipment manufacturers and shipbuilders to invest in India's maritime sector, highlighting an estimated demand pipeline of over 400 vessels worth approximately USD 23 billion from government entities over the next 10 years, according to an official release on Monday.

During his

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