New Delhi, Oct. 26 -- Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has invited South Korean marine equipment manufacturers and shipbuilders to invest in India's maritime sector, highlighting an estimated demand pipeline of over 400 vessels worth approximately USD 23 billion from government entities over the next 10 years, according to an official release on Monday.

During his visit to Busan, South Korea, Sonowal met representatives of the Korea Marine Equipment Association (KOMEA) and highlighted opportunities for Korean companies in shipbuilding, equipment manufacturing, technology transfer and joint ventures.

The Ministry of Ports, Shipping and Waterways said it has aggregated demand from government entities to p...