Financial Ports

India’s $23bn Shipbuilding Push: Korea and Cyprus Back 2047 Maritime Hub

CLAVE 1 / 4India has approved a $7.8bn shipbuilding support package to accelerate its maritime expansion.

CLAVE 2 / 4More than 400 vessels valued at $23bn are planned over the next decade to meet domestic and public-sector demand.

CLAVE 3 / 425 Cypriot companies will visit India in November to explore joint ventures in ship recycling and green technology.

CLAVE 4 / 4South Korea’s HMM, Sejin Heavy Industries, and KOMERI discussed investments in India’s Vadhvan Port and LNG cargo tank production.

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