The Ministry of Ports, Shipping and Waterways announced on 25 October 2026 that Union Minister Sarbananda Sonowal has begun a four-day visit to South Korea. The visit aims to attract Korean industry partnerships in shipbuilding, shipping, ports, and maritime logistics to help India become one of the world's top five shipbuilding nations by 2047. The Minister is engaging with Indian professionals in Korea and global industry leaders to implement the VOYAGES cooperation framework. The release does not say when these partnerships will take effect.
Key points
- Goal: India aims to be a top-five global shipbuilding nation by 2047
- Framework: VOYAGES covers cooperation in shipbuilding, shipping, and maritime logistics
- Incentives: Cabinet approved policy incentives for the sector in September 2025
- Focus: Seeking partnerships in technology, manufacturing, and innovation with Korea
When it applies
- Visit of Union Minister Sarbananda Sonowal to South Korea
Who it affects
- India
Refers to
- VOYAGES
- Maritime India Vision 2030
- Maritime Amrit Kaal Vision 2047