India woos Japanese and Korean shipyards

The Indian government is reaching out to major shipbuilders in South Korea and Japan to establish bases in India, aiming to emulate China’s rapid growth in shipbuilding. With plans to become a top-five global shipyard nation within a decade, the government is set to unveil a substantial stimulus package for the sector. Shipping minister Sarbananda Sonowal is leading the efforts to boost India’s shipbuilding industry.

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