US EditionHD Hyundai to Transplant 'Korean Shipbuilding DNA' Into India
KERALA, INDIA, JUL 4 – The partnership aims to enhance India's shipbuilding with technology sharing and workforce training as the market grows over twelvefold to $1.12 billion by 2024, Ken Research reported.
- Cochin Shipyard Limited and HD Korea Shipbuilding & Offshore Engineering signed a comprehensive MoU on July 4, 2025, focusing on shipbuilding and maritime collaboration.
- India’s maritime policies, including the Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, support the CSL-HDKSOE collaboration, backed by a ₹250 billion Maritime Development Fund.
- Market research shows India's shipbuilding sector increased from USD 90 million in 2022 to over USD 1.12 billion by 2024, with CSL delivering 70 vessels in five years and HD KSOE operating major shipyards.
- Cochin Shipyard's partnership with HD KSOE boosts its global competitiveness, workforce upskilling, and explores new shipbuilding orders amid India’s rapid industry growth.
- India's shipbuilding market is projected to grow over 60% annually until 2033, aiming to rank among the top five globally by 2047.
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HD Hyundai to Transplant 'Korean Shipbuilding DNA' into India
Signed comprehensive MOU for cooperation in shipbuilding with Cochin Shipyard Limited, India, on July 4 To provide ship design, equipment support, and technical collaboration — marking HD Hyundai's full-scale entry into the Indian market "Accelerating India's national maritime vision — forging new market opportunities through partnership" SEOUL, South Korea , July 5, 2025 /PRNewswire/ -- HD Hyundai is joining forces with India's largest state-ow…
HD Hyundai Joins Forces with Cochin Shipyard to Power India's Maritime Sector Expansion
HD Korea Shipbuilding & Offshore Engineering has signed a comprehensive Memorandum of Understanding with Cochin Shipyard Limited (CSL), India’s largest state-owned shipbuilder, marking HD Hyundai’s full-scale entry into the rapidly...
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