South Korean shipbuilding giant HD Hyundai has inked a landmark Memorandum of Understanding (MoU) with the Tamil Nadu government to establish its first shipyard in India. The $2 billion investment will see the creation of a major shipbuilding facility in Thoothukudi, positioning Tamil Nadu at the heart of India's 'Maritime India Vision 2047.' The project, initially codenamed the SMITH Project and…
Industry
December 14, 2025
HD Hyundai Signs $2 Billion Deal to Build First Indian Shipyard in Thoothukudi
COCHIN SHIPYARD LIMITED
SHIPYARD
HD Hyundai Electric
EQUIPMENT_MANUFACTURER
MAZAGON DOCK LTD
SHIPMANAGER
Yard Expansions
Mergers And Acquisitions
E
Ella Trusteddocks
Dec 14, 2025 · 09:50 UTC
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