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Friends,

This time the festival of lights, Diwali, has brought new light in the lives of all of you. Getting an appointment letter for a permanent job amidst the celebrations, that is, the joy of celebrations and the double happiness of success, this happiness has been received by more than 51 thousand youth of the country today. I can feel how much joy there will be in all your families. I extend my heartiest congratulations to all of you and your families. I extend my best wishes for this new beginning in life.

Friends,

When your enthusiasm, your capacity for hard work, your confidence born of your dreams coming true, and your passion to do something for your country are combined, your success will not only be personal; it will become the nation's success. Today you have not only got a government appointment, you have got the opportunity to actively contribute in the service of the nation. I am confident that you will work with this spirit, with honesty and integrity, and you will play your part in creating better systems for the future India. And you know, our mantra is ‘नागरिक देवो भव:’. With a spirit of service and dedication, we must never forget how we can be useful in the lives of every citizen.

Friends,

For the past 11 years, the country has been moving forward with the resolve to build a developed India. The biggest role in this is of our youth, of all of you. Therefore, empowerment of youth is the priority of the BJP-NDA government. Today employment fairs have become a medium to fulfill the dreams of the youth. Through these employment fairs alone, more than 11 lakh appointment letters have been given in the recent past. And, these efforts are not limited to government jobs only. We have also launched the 'PM Viksit Bharat Rojgar Yojana' across the country. Under this, a target has been set to provide employment to 3.5 crore young people.

Friends,

Today, on one hand, young people are being provided with skills training through campaigns like the Skill India Mission, while on the other hand, initiatives like the National Career Service Platform are connecting them to new opportunities. I have been told that through this, information about more than 7 crore vacancies, i.e. more than 7 crore vacancies, has been given to the youth. These 7 crore vacant posts, this is not a small figure.

Friends,

Another major step forward for youth is the "Pratibha Setu Portal"! Candidates who reached the UPSC final list but were not selected will no longer have their hard work wasted. Therefore, private and public institutions can invite those youth through this portal, conduct interviews, and also provide opportunities. Only this proper utilization of the talent of the youth will bring the youth power of India in front of the world.

Friends,

This time, GST Savings Festival has also added new colours to this festive season. You all know the significant reform that has been achieved by reducing GST rates in the country. Its impact is not limited to people's savings only; employment opportunities are also expanding due to the Next Generation GST Reforms. When everyday goods become cheaper, demand increases. When demand increases, production and the supply chain also gain momentum. And when factories produce more, new jobs are created. That is why, this GST savings festival is also turning into an employment festival. We have just seen that the way record sales have taken place on Dhanteras and Diwali, new records have been made, old records have been broken, this shows how the reforms in GST have given a new impetus to the country's economy. We are also seeing the positive impact of this reform in the MSME sector and retail trade. Due to this, many new employment opportunities are being created in areas like manufacturing, logistics, packaging and distribution.

Friends,

Today, India is the country with the largest youth population in the world. We consider the youth power of India as India's biggest strength. We are moving forward with this vision and confidence in every field. Even our foreign policy is working keeping in mind the interests of the youth of India. Our diplomatic talks, our global MoUs, training of youth, up-skilling and employment generation are also being included in these. Recently, the British Prime Minister visited India. During his visit, India and Britain have agreed to increase investment in sectors like AI, fintech and clean energy. The free trade agreement signed between India and Britain a few months ago will also create new opportunities. Similarly, investment partnerships have been established with several European countries. These are likely to create thousands of new jobs. Agreements have been signed with countries like Brazil, Singapore, Korea, and Canada, among others. These will boost investment, support start-ups and MSMEs, increase exports, and provide young people with new opportunities to work on global projects.

Friends,

Today, we are talking about the successes and vision of the country, in the times to come, you will also have a big role in them. We have to continuously work towards the goal of ‘Developed India’. Young Karmayogis like you will be the ones to bring this Sankalp to Sidhi (resolve to fruition). The iGot Karmayogi Bharat platform can be of immense help to you on this journey. About 1.5 crore employees are joining this platform and learning and upgrading their skills. If you also join them, a new work culture and a sense of good governance will develop in you. It is only through your efforts that India's future will take shape, and the dreams of the countrymen will come true. I once again extend my best wishes to all of you.

Thank you very much.

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India-ROK Comprehensive Framework for Partnership in Shipbuilding, Shipping and Maritime Logistics
April 20, 2026
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During the meeting between Prime Minister H.E. Shri Narendra Modi of India and H.E. Mr. Lee Jae Myung of the Republic of Korea (ROK) on the occasion of the latter’s state visit to India on 20 April 2026, the two sides had productive and in-depth exchange of views on mutually beneficial cooperation between their government agencies and private entities for partnership in shipbuilding, shipping and maritime logistics.

India and the ROK are both nations with rich maritime traditions and share extensive common interests and complementary strengths in the domain of maritime industries. With India’s rapid economic growth and internationalization of its economy, the maritime sector is extremely critical to India’s security and prosperity.

Both sides agreed that India’s maritime ambitions under Maritime Amrit Kaal 2047 Vision have created considerable opportunities for long-term collaboration with the ROK, a friendly nation with leading shipbuilding and maritime capabilities. Cooperation in shipbuilding, port development and maritime logistics could channelize the India-ROK Special Strategic Partnership towards practical benefits and economic value for both nations, while forging deeper understanding and partnership among their peoples.

The Indian side briefed the ROK side about opportunities to set up large-scale greenfield shipbuilding clusters in the country and the incentives available under the Government of India’s Shipbuilding Development Scheme as well as incentives provided by relevant state governments and Indian financial Institutions for the same. The Indian side invited leading shipbuilders from the ROK as technical and strategic anchors for these clusters through active involvement in design, production engineering, advanced manufacturing, quality and safety frameworks and operation. The ROK side expressed expectation for the advancement of cooperation based on the participation of the business sector.

To this end, both sides took positive note of the collaborations between Korean Industries and India, such as the conclusion of a non-binding MOU among the Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE), the identified cluster developer and facilitator, and the capital provider Maritime Development Fund (MDF) for joint development, financing, implementation, operation of a large greenfield shipyard in southern India. They hoped for early implementation of the project.

India has announced the 400+ vessels acquisition plan by the public agencies in India alone for the foreseeable future with a total value of Rs. 2.2 lakh crore (~USD 25 bn) during the India Maritime Week 2025. Taking note of the Government of India’s production-based financial support to local manufacturing, the two sides supported the cooperation of relevant industries from India and the ROK to establish an effective cooperation mechanism to channel this demand into bilateral partnerships, enhancing sustainable and resilient shipbuilding industry.

In recognition of the financial assistance provided by the Government of India for shipyards undertaking brownfield capacity expansion, the two sides supported the collaboration between Indian and the ROK businesses to upgrade existing Indian shipyards, including on a Block Fabrication Facility being built in southern India to support a new dry dock to construct large and specialized vessels.

The two sides believe that the policy and fiscal support from the Government of India for Indian shipbuilding would generate additional demand for components used in shipbuilding and ancillary industries, providing specialized Korean shipbuilding component manufacturers an attractive market to expand their business through local production. To this end, they welcomed the opening of a branch of the Korea Marine Equipment Association (KOMEA) in Mumbai and the interest of Korea Marine Equipment Research Institute (KOMERI) for related cooperation. They also agreed to enhance cooperation among relevant institutions and enterprises of both countries to support the growth of Indian shipbuilding ecosystem.

The two sides agreed to cooperate on skill training in the shipbuilding sector in India through a project to be implemented by Korea International Cooperation Agency (KOICA) in partnership with the Ministry of Ports, Shipping and Waterways (MoPSW) of India. They noted that this project will contribute to capacity building needed for India’s shipbuilding goals through development cooperation and public-private partnership between the two countries.

Indian side also encouragedKorean shipowners to use India’s GIFT IFSCA and E-Samudra to flag vessels in India, in order to benefit from relaxed ownership structures and available financial incentives.

It was noted that India’s rapidly growing seafarer pool (around 320,000 + with a strong growth in women seafarers) allows Korean ship-owners to recruit manpower to support Korean-flag operations.

The two sides welcomed the signing of an MOU between MoPSW of India and the Ministry of Oceans and Fisheries in the ROK for cooperation for port development, which entails collaboration in infrastructure development, knowledge sharing, etc. This opens opportunities for Korean port developers and terminal operators to participate in India’s strong PPP mechanization pipeline amounting to an estimated USD 13.3 billion in the next 5 years, including the 23 million TEU Vadhvan container port (Maharashtra), 150 MTPA multipurpose terminal in Bahuda (Odisha), 135 MTPA modern terminal of Deendayal Port (Gujarat), among others.

The two sides welcomed an MOU signed between Bharat Earth Movers Limited of India, HD Korea Shipbuilding and Offshore Engineering Co., Ltd (HD KSOE) and HD Hyundai Samho Co., Ltd of the ROK to jointly design, manufacture, and support next-generation conventional and autonomous maritime & port cranes in India.

The two sides took positive note of the ongoing discussions between Indian Maritime University (IMU) and Korea Maritime & Ocean University (KMOU) and encouraged them to finalize a strategic partnership in maritime education, research, and innovation with joint programs in naval architecture, marine engineering, and port management; collaborative R&D on green shipping technologies, autonomous vessels, and crane automation; and innovation hubs for student exchanges, faculty collaborations, and industry-linked projects with involvement of Indian and the ROK businesses.

The two sides also recalled with pride the ancient origins of the two countries’ maritime heritages. The Indian side shared that the National Maritime Heritage Complex (NMHC) is being developed at Lothal in the Gujarat State of India as the world’s largest maritime complex. The two sides welcomed the signing of a Memorandum of Understanding on cooperation in the field of Maritime Heritage to facilitate sharing, exchange of artefacts and information, technological support, joint activities, collaboration with universities, museums, and institutions.

Prime Minister Modi and President Lee expressed satisfaction over the direction and content of the progress made in cooperation between India and the ROK in the fields of shipbuilding, shipping and ports. They expressed confidence that, in the coming years, the India-ROK partnership will deliver benefits for the two countries and the world at large.