How South Korea and India Can Dominate Global Shipbuilding
In a recent Sagarmanthan session, Parul Bakshi, Deputy Director of Energy Transitions at ORF, engaged in a discussion with Nilabhra Dasgupta, Deputy Chairman of the Deendayal Port Authority in India, and Kyunghoon Kim, Head of the India and South Asia Team at the Korea Institute for International Economic Policy in the Republic of Korea. The focus of their conversation was on exploring the potential for collaboration between India and South Korea in the shipbuilding industry.
Meeting India’s Growing Demand
One key point highlighted in the session was India’s increasing demand for cargo ships. With its expanding economy and growing trade activities, there is a significant need for high-quality vessels to support the transportation of goods. The speakers emphasized how South Korea, known for its advanced engineering and manufacturing capabilities in the shipbuilding sector, could play a crucial role in meeting India’s requirements for modern and efficient cargo ships.
Utilizing India’s Demographic Advantage
On the other hand, the discussion also touched upon how South Korea could benefit from India’s demographic dividend. India boasts a large youth population, offering a valuable resource for the labor-intensive shipbuilding industry. By leveraging India’s workforce, South Korea could potentially increase its output and meet the rising demand for ships in the global market.
The collaboration between India and South Korea in the shipbuilding industry holds significant promise for both countries. Through the exchange of expertise, technology, and manpower, they can work together to enhance their respective strengths and address the evolving needs of the maritime sector. For further insights and a detailed discussion on this topic, viewers are encouraged to watch the full video on Firstpost in partnership with ORF.
