DPR for Thoothukudi Shipyard to Be Finalised in Six Months
- Union Minister Sarbananda Sonowal met HD Hyundai Chairman Chung Ki-sun in Seoul to discuss India’s proposed greenfield shipyard in Thoothukudi, Tamil Nadu.
- HD Korea Shipbuilding & Offshore Engineering intends to become the project’s primary strategic investor, while NSHIP-TN and HD KSOE agreed to advance the project.
- A joint working group will oversee development as the partners work toward a joint venture structure and aim to finalize the Detailed Project Report within six months.
- The proposed shipyard could receive $4 billion in investment and produce about 2.5 million gross tonnage annually.
14 Articles
14 Articles
India, HD Hyundai advance plans for $4 billion shipyard in Tamil Nadu
Union Minister Sarbananda Sonowal engaged with HD Hyundai's Chairman in Seoul to discuss a significant shipyard project. The proposed USD 4 billion greenfield shipyard will be located in Thoothukudi, Tamil Nadu. A joint working group is tasked with overseeing the project development and establishing a joint venture structure. Once operational, the shipyard aims to enhance India's competitiveness in global maritime markets.
Indias Thoothukudi mega shipyard picks up pace as Union Minister Sarbananda Sonowal meets HD Hyundai Chairman Chung Ki-sun in Seoul - The Tribune
Union Minister Sarbananda Sonowal met HD Hyundai Chairman Chung Ki-sun in Seoul to advance India’s proposed greenfield shipyard in Thoothukudi, Tamil Nadu. HD KSOE reiterated its intent to participate as a primary strategic investor, with a joint working group set to oversee development and the Detailed Project Report expected to be finalised within six months.
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LatestlyIndia's Thoothukudi mega shipyard picks up pace as Union Minister Sarbananda Sonowal meets HD Hyundai Chairman Chung Ki-sun in Seoul
Union Minister Sarbananda Sonowal met HD Hyundai Chairman Chung Ki-sun in Seoul to advance India’s proposed greenfield shipyard in Thoothukudi, Tamil Nadu. HD KSOE reiterated its intent to participate as a primary strategic investor, with a joint working group set to oversee development and the Detailed Project Report expected to be finalised within six months.
[Digital Daily Reporter Choi Min-ji] HD Hyundai and the Indian government have reaffirmed their commitment to global cooperation in the shipbuilding and marine sectors. HD Hyundai announced on the 29th that Chairman Chung Ki-sun met with Sarbananda Sonowal, India's Minister for Ports, Maritime Affairs and Waterways, to discuss the development of India's shipbuilding industry and plans for bilateral cooperation in shipbuilding and shipping. Min…
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