BEML, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), and Hyundai Samho Heavy Industries have entered into a partnership to design, develop, and manufacture next-generation conventional and autonomous maritime and port cranes in India.
This collaboration aligns with India's "Atmanirbhar Bharat" and "Make in India" initiatives, as well as the government's strategy to involve state-owned firms in global partnerships. The companies will also offer after-sales, spares, and training support as part of their plan. India’s maritime sector, which has relied on Chinese cranes, faced challenges when the government restricted imports from China following border tensions.
By partnering with top global players, the initiative aims to reduce dependency on foreign imports and enhance domestic manufacturing capabilities. As BEML noted, the collaboration is an important step in boosting India's self-reliance in the maritime sector.