New Delhi, April 21 -- India and South Korea on Monday agreed to significantly expand cooperation in shipbuilding, shipping and maritime logistics, following talks between Prime Minister Narendra Modi and South Korean President Lee Jae Myung.

The focus was on joint industrial partnerships, infrastructure development and skill building to support India's growing maritime ambitions.

Under the framework, India highlighted its ambitious plan to procure over 400 vessels in the coming years, with an estimated value of Rs 2.2 lakh crore (approximately USD 25 billion). Both sides agreed to channel this demand into bilateral partnerships, creating a sustainable and resilient shipbuilding ecosystem.

The two countries emphasised collaboration to ...