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HD Hyundai Signs MOU with Indian State Government to Establish New Shipyard
HD Hyundai signed a strategic partnership with Tamil Nadu to build a shipyard and develop port cranes, supporting India’s goal to be a top-five shipbuilding nation by 2047.
- HD Hyundai announced recently that it signed a strategic partnership with the Tamil Nadu state government to establish a new shipyard in Madurai attended by Chief Minister M.K. Stalin and Minister T.R.B. Rajaa.
- Seeking to revitalize its economy, Tamil Nadu state government prioritized building a shipyard with incentives and infrastructure support, while the Indian central government shortlisted Tamil Nadu, Gujarat, and Andhra Pradesh.
- Earlier this month, HD Hyundai signed an MoU with Cochin Shipyard to promote cooperation and plans to supply goliath and jib cranes to local shipyards.
- With major Korean firms present and port investments planned, the partnership’s scope has expanded to include naval vessel projects, supporting industrial growth.
- Earlier in July, HD Hyundai signed an MOU with Cochin Shipyard to enhance design, procurement, productivity, and human capital development as it reviews establishing a new shipyard in India.
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HD Hyundai Signs MOU with Indian State Government to Establish New Shipyard
Signed an exclusive business agreement with the Tamil Nadu state government to promote the establishment of a new shipyardTamil Nadu state assessed as the most optimal site with climate and rainfall similar to Ulsan, and is expected to have additional…
HD Hyundai readies $2bn giant yard in southern India
South Korea’s HD Hyundai has signed a partnership with the Tamil Nadu state government regarding the establishment of a new $2bn shipyard in Madurai in southern India. The Thoothukudi region of Tamil Nadu already hosts major Korean companies such as Hyundai Motor and Samsung Electronics, and large-scale investments are planned for nearby port facilities. The Indian …
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Total News Sources35
Leaning Left5Leaning Right4Center15Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 21%
C 62%
R 17%
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