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Busan to Recruit Companies for Marine Industry Exhibition Targeting India’s Emerging Global South Market

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The Busan Metropolitan City Government (Mayor Park Heong-joon), in cooperation with the Busan Chamber of Commerce and Industry (Chairman Yang Jae-saeng), announced that it will support local companies’ participation in the “2025 IMMEX SMM INDIA,” to be held from September 10 to 12 in Mumbai, India.

• ●This exhibition, first launched in 2008 and now in its 12th edition, is the largest B2B event in South Asia specializing in shipbuilding and marine industries. It serves as a key business platform for entering the rapidly expanding Indian maritime market, driven by the Indian government's “Maritime India Vision 2030” strategy.

<Overview of the 2025 IMMEX SMM INDIA>

• ●Dates & Venue: Sep. 10 (Wed) – Sep. 12 (Fri), 2025 / Bombay Exhibition Center, Mumbai, India

• ●Organizer: Informa Markets-India / SMM

• ●Scale (2024): 263 companies from 9 countries, 13,391 visitors

• ●Significance: Largest marine industry exhibition in South Asia

India, with over 7,500 kilometers of coastline, more than 200 ports, and 28 shipyards, is emerging as the world’s 16th largest maritime nation. With plans to invest approximately USD 41.9 billion (KRW 58.1 trillion) in marine infrastructure, India presents a strategic opportunity for Korean shipbuilding and marine equipment companies.

To support Busan-based SMEs in the shipbuilding and marine sectors, the city is promoting participation in this major exhibition as part of efforts to diversify exports and penetrate emerging Global South markets.

Global South: A term referring to countries formerly classified as the Third World or developing nations, primarily located in the southern hemisphere or low-latitude areas, contrasted with the “Global North,” composed of developed nations in the northern hemisphere.

• ●Eight Busan-based SMEs will participate as a group pavilion at the exhibition.

• ●Each company will receive support for booth rental and installation (up to KRW 7 million), and 50% of round-trip airfare (up to KRW 500,000).

• ●Participating companies will have opportunities to meet with prominent local buyers and shipyards, potentially leading to direct contracts and exports.

• ●Additionally, companies can receive one-on-one consultation from a resident customs broker at the FTA Center (located in the Busan Chamber of Commerce and Industry).

• ●The program aligns with the city’s trade policy for export diversification and is expected to contribute significantly to expanding supply chains into emerging Global South markets and enhancing SME export competitiveness.

Companies interested in participating must apply online through Busan’s Overseas Marketing System (trade.bepa.kr) by May 28.

Kim Bong-cheol, Director of the Digital Economy Bureau, stated,
“This support initiative for the Indian marine exhibition is designed to help local companies with competitive technologies achieve tangible results in emerging markets. Moving forward, we will expand customized overseas marketing support tailored to company needs to further strengthen the global competitiveness of Busan’s shipbuilding and marine industries.”