Sonowal invites South Korean firms to invest in India’s shipyard

New Delhi, Oct 26 (PTI) Shipping Minister Sarbananda Sonowal on Monday urged South Korean firms to invest in India’s shipbuilding ecosystem, saying India seeks universally applicable global maritime rules, according to an official statement. Sonowal is on a four-day visit to South Korea. India’s starting point is that international standards should stay ambitious and universal, while implementation recognises differences in national circumstances, development, technology and access to finance, he said. According to the statement, the minister cited the principle of common but differentiated responsibilities and respective capabilities. Sonowal called IMO conventions an “operational lighthouse” for shipping at a time of…