Which of the following is the primary objective of the Maritime Amrit Kaal Vision 2047 regarding India's position in the global shipbuilding industry?

To be among the top five shipbuilding nations by 2047

To be among the top ten shipbuilding nations by 2047

To achieve complete self-sufficiency in ship design by 2047

To become the top shipbuilding nation by 2047

What is the primary function of the Sagarmala Finance Corporation Limited (SFCL)?

To act as a non-banking financial company for the maritime sector

To provide subsidies for the export of Indian-made ships

To facilitate the training of maritime workforce in South Korea

To regulate the safety standards of green shipyards in India

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26 June 2026

India-Korea shipbuilding partnership

The topic involves specific bilateral industrial partnerships, government maritime policies like Maritime Amrit Kaal Vision 2047, and institutional mechanisms like the Sagarmala Finance Corporation, which are directly relevant to GS3 infrastructure and economy syllabus themes.

Notes

South Korea and India have strengthened strategic cooperation in the shipbuilding sector following high-level diplomatic engagement.
Major South Korean firms including Samsung Heavy Industries, HD Korea Shipbuilding & Offshore Engineering, and Hanwha Ocean are actively pursuing investments and partnerships in India.
Hyundai subsidiary signed an MoU with Cochin Shipyard Limited to invest $4 billion in a green shipyard in Thoothukudi, Tamil Nadu.
The Korea Marine Equipment Association (KOMEA) has established an office in Mumbai to support the development of an ancillary industry ecosystem.
India's shipbuilding objectives are outlined in the Maritime Vision 2030 and Maritime Amrit Kaal Vision 2047, aiming for top 10 status by 2030 and top 5 by 2047.
Key policy initiatives include the Maritime Development Fund, Shipbuilding Development Scheme, and the Shipbuilding Financial Assistance Policy.
The Sagarmala Finance Corporation Limited (SFCL) has been created as a non-banking financial company to provide long-term capital for the maritime sector.
Strategic priorities for India include workforce development, technology transfer, regulatory consistency, and the creation of a cluster-led industrial model similar to Ulsan, South Korea.

Part of a longer story

This is day 2 of 3 in India's maritime and shipbuilding infrastructure development, which has been running since 22 June 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

Questions

Discuss the significance of the India-South Korea shipbuilding partnership in achieving India's Maritime Amrit Kaal Vision 2047. What are the key challenges in establishing a robust shipbuilding ecosystem in India? 150 words

Attempt this — 150 words in 8 min

0 / 150 words 8:00
To emerge as a global leader in shipbuilding, India must move beyond mere investment and focus on a holistic industrial ecosystem. Analyze the role of ancillary industries, human capital development, and policy reforms in realizing this objective. 250 words

Attempt this — 250 words in 11 min

0 / 250 words 11:00

Prelims

Which of the following is the primary objective of the Maritime Amrit Kaal Vision 2047 regarding India's position in the global shipbuilding industry?

What is the primary function of the Sagarmala Finance Corporation Limited (SFCL)?

Syllabus

Topics

Sources

India’s shipbuilding ambitions can set sail with Korea

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