Jindal Shipyards plans with Korea co for maritime park

Jindal Shipyards, a part of the $8-billion OP Jindal group, is planning to rope in Korean Maritime Consultants (Komac) for setting up the country’s first maritime technology park, expected to draw investment worth $7.2 billion. Komac is chaired by DC Shin, known as the father of the Korean shipbuilding industry.

We will invest $1 billion in the next three years in this park, to be spread over 700 hectares. I have talked to Mr Shin about the project and he is keen, although no formal agreement has been signed so far, said Jindal Saw MD Indresh Batra.

Mr Shin, on the sidelines of seminar on shipbuilding, told ET: We are ready to partner any company that is serious. Jindal has been talking to us and we hope they are serious. Many Indian companies talk and talk.

The park, to be called India Maritime Technology Park, will come up near Dahej. It will be on lines of Chinese cluster model and will get SEZ status later on.

The project will also house a maritime technology institute. We are in talks with a Korean university and soon the curriculum will be decided which can be useful for other maritime institutes also,said Tim Gollin, advisor to Jindal Shipyard.

Building ships is only a part of the industry and is valued quite low, according to Mr Batra.


Source:The Economic Times