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Tamil Nadu, HD Hyundai Forge Shipbuilding Pact in South Korea Visit

A high-level Tamil Nadu government delegation visited HD Hyundai's Ulsan shipyard in South Korea to strengthen cooperation in shipbuilding. The visit follows a memorandum of understanding signed in December for the construction of a new shipyard. This initiative aligns with India's Maritime Amrit Kaal Vision 2047, which aims to establish the country as a global shipping powerhouse. Officials reviewed advanced production systems and discussed how the partnership would create jobs and revitalize India's shipbuilding industry.

Key Points: Tamil Nadu Signs MoU with HD Hyundai to Boost Shipbuilding

  • Tamil Nadu delegation tours HD Hyundai shipyard
  • MoU signed for new shipyard construction
  • Part of India's Maritime Amrit Kaal Vision 2047
  • Aims to create jobs and boost industry ecosystem
  • Supports HD Hyundai's regional market expansion
2 min read

Tamil Nadu govt visits HD Hyundai in Korea, Signs MoU to strengthen shipbuilding sector

Tamil Nadu govt delegation visits HD Hyundai in Korea, signs MoU to strengthen shipbuilding sector and support India's Maritime Amrit Kaal Vision 2047.

"cooperation with HD Hyundai... will serve as an opportunity to build the foundation of India's shipbuilding industry ecosystem - TRB Rajaa"

Seoul, January 9

HD Hyundai strengthened shipbuilding cooperation with the Tamil Nadu government following a high-level delegation visit to the Ulsan shipyard in South Korea.

Five officials from the Tamil Nadu government, including TRB Rajaa, Minister for Industries, Investment Promotions and Commerce, and Gaurav Daga, Deputy Vice President at Guidance Tamil Nadu, toured the HD Hyundai Heavy Industries Co. facility to observe commercial and special-purpose vessel operations.

According to a report by Pulse, the English service of Maeil Business News Korea, the visit follows an exclusive memorandum of understanding (MoU) signed between HD Hyundai and the Tamil Nadu government in December last year regarding the construction of a new shipyard.

The Indian government currently evaluates the development of new shipyards under the Maritime Amrit Kaal Vision 2047, a strategic initiative designed to establish India as a global powerhouse in the shipping and shipbuilding sectors. The Ministry of Ports, Shipping and Waterways previously identified Tamil Nadu as one of five candidate sites for a dedicated shipbuilding cluster.

The delegation reviewed advanced production systems, automated facilities, and core operational capabilities necessary for modern shipyard management. During the tour of the Ulsan shipyard, officials examined the infrastructure required to support India's manufacturing goals.

"Rajaa noted that cooperation with HD Hyundai, the world's leading shipbuilder, will serve as an opportunity to build the foundation of India's shipbuilding industry ecosystem and create high-quality jobs. The minister added that Tamil Nadu will play a pivotal role in revitalising India's shipbuilding industry and expanding exchanges and cooperation between the two countries," the report said.

HD Hyundai officials indicated that the engagement aligned with their broader market expansion strategy in the region.

"This visit by Tamil Nadu government officials demonstrates the Indian government's strong commitment to fostering the shipbuilding industry," the report quoted Choi Han-nae, head of Corporate Planning at HD Korea Shipbuilding & Offshore Engineering Co. "Strengthening our cooperation with India in the shipbuilding and offshore sectors will serve as a catalyst for our further market expansion."

- ANI

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Reader Comments

P
Priya S
High-quality jobs is the key phrase here. We need more such high-tech manufacturing investments that create skilled employment, not just low-wage assembly work. Hope this MoU translates into real projects on the ground soon.
R
Rohit P
Maritime Amrit Kaal Vision 2047 sounds ambitious. Let's hope the execution matches the vision. We have the potential, but we need to learn from Korea's efficiency and work culture. This partnership could be a game-changer if managed well.
S
Sarah B
As someone who follows global trade, this is a strategic move. Strengthening shipbuilding reduces import dependence and boosts our export capabilities. Tamil Nadu is rightly positioned for this. Good to see state governments actively pursuing such deals.
V
Vikram M
While I welcome the investment, I hope the environmental impact of a large shipyard is thoroughly studied. Coastal ecosystems are fragile. Development is good, but not at the cost of our fishermen's livelihoods or marine life.
K
Karthik V
Excellent! We need more such collaborations. But a word of caution - we must ensure technology transfer happens and we build our own expertise, not remain just an assembly line for a foreign company. That's the real test of this partnership.

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