Monday, October 1, 2007

Jindal Shipyards plans JV with Korean Co

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. About $1 billion will be invested in the next three years in this park, to be spread over 700 hectares. The park, to be called India Maritime Technology Park, will come up near Dahej. The project will also house a maritime technology institute.


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