BEML Limited has taken a significant step toward strengthening India’s maritime manufacturing capabilities by signing a wide-ranging Memorandum of Understanding with HD Korea Shipbuilding & Offshore Engineering (KSOE) and HD Hyundai Samho Heavy Industries (HSHI).
The agreement, finalised on 5 December in Bengaluru, marks the beginning of a long-term collaboration aimed at building a world-class ecosystem for maritime and port cranes within India.
Signed under the aegis of the Ministry of Defence and the Ministry of Ports, Shipping and Waterways, the MoU unites BEML’s established industrial base with the technological finesse of the Korean engineering giants.
The three partners will jointly design, develop, manufacture, integrate, install and commission a new generation of cranes—ranging from conventional models to autonomous and smart systems.
The initiative also includes a complete after-sales framework covering service, spare parts and training support, ensuring long-term operational reliability for India’s ports and shipyards.
This collaboration directly aligns with India’s Maritime Amrit Kaal Vision 2047, a national strategy aimed at transforming India into one of the top five global maritime powers. A key plank of the vision is ramping up port capacity to 10,000 MMTPA.
By building advanced cranes domestically, the partnership is expected to substantially reduce the country’s dependence on imports while equipping its maritime infrastructure with state-of-the-art, energy-efficient and high-capacity equipment tailored to future operational demands.
It is also expected to stimulate private-sector participation and generate high-value employment, particularly in specialised engineering and manufacturing roles.
At present, a lot of these cranes are sourced from Chinese suppliers like the Zhenhua Port Machinery Company (ZPMC).
Please click here to add Swarajya as your preferred and trusted news source on Google