Hyundai delegation calls on TN CM Vijay, discusses Thoothukudi shipbuilding hub
Chennai, June 17
A high-level delegation from South Korea's Hyundai Korea Shipbuilding & Offshore Engineering called on Tamil Nadu Chief Minister C Joseph Vijay on Wednesday to discuss the establishment of a mega greenfield shipbuilding cluster in Thoothukudi.
The project, which involves a massive investment of approximately Rs 38,000 crore (USD 4 billion), is expected to generate around 15,000 direct employment opportunities and create a significant multiplier effect through ancillary industries and the local supply chain.
According to an official press release, HD KSOE--one of the world's largest shipbuilders--has already signed a Memorandum of Understanding (MOU) with the Government of Tamil Nadu for establishing this state-of-the-art facility.
To facilitate the project, a dedicated entity named 'National Shipbuilding & Heavy Industries Park Tamil Nadu Limited' (NSHIPTN) has been formed through a collaboration between SIPCOT and the VOC Port Authority (VOCPA). The project has already obtained first in-principle approval from the Directorate General of Shipping, Government of India.
During the meeting, the South Korean delegation, led by Young Hoon Kwon, Director of Global Business, briefed the Chief Minister on the progress made so far and reaffirmed their keen interest in grounding the project at the earliest.
Reiterating the state's commitment, Chief Minister C Joseph Vijay assured the delegation of "proactive institutional support" at every stage of the project's implementation. He emphasised that the government is dedicated to ensuring the timely establishment of this strategic project in Thoothukudi.
The meeting was attended by several high-ranking officials, including Minister for Industries Selvi S Keerthana, Chief Secretary M Saikumar, IAS, and Additional Chief Secretary (Industries) S Vijayakumar, IAS.
Representing the industrial bodies were SA Raman, IAS (Managing Director, SIPCOT) and Deepak Jacob, IAS (Managing Director, Guidance Tamil Nadu).
The Hyundai delegation also included Team Leader Sunjoon Hong and Senior Manager Hongcheol Kim, along with other senior government officials.
The establishment of this cluster is seen as a major boost to the maritime and industrial landscape of Southern Tamil Nadu, positioning Thoothukudi as a global hub for shipbuilding and heavy industries.
— ANI
Reader Comments
Finally some good industrial news for TN! But I hope they don't forget the environmental impact assessments. Thoothukudi is already a sensitive coastal area. Development is great, but not at the cost of our fishermen and ecology. Need proper safeguards.
Great move by CM Vijay to attract such a big investment. Hyundai knows their shipbuilding business. But I'm curious how this will compete with existing shipyards in Mumbai, Cochin, and Visakhapatnam. Hope they build something truly world-class here.
Rs 38,000 crore is no small amount. But I hope the ancillary industries and local supply chain benefits actually reach the local people, not just big contractors from outside. The multiplier effect should trickle down to the small businesses and skilled workers in Thoothukudi. That's the real test.
As someone who works in maritime logistics, this is exciting. India needs to build its own commercial and naval vessels rather than relying on imports. Hyundai's tech combined with Indian talent could be a game-changer. But we should also look at developing our own shipbuilding capabilities alongside this partnership.
Remember how many big-ticket MoUs in TN just remain on paper? Let's see if this actually breaks ground. Need to fast-track land acquisition and clearances. Hope the state and central governments coordinate well on this. The Directorate General of Shipping approval is just the first step.
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