HD Hyundai Chairman Meets Modi: Deepening India Shipbuilding | Mariner News
HD Hyundai Group Chairman Chung Kisun recently met Indian Prime Minister Narendra Modi to significantly deepen shipbuilding cooperation between South Korea and India. This high-profile discussion centered on HD Hyundai’s ambitious plans to establish a new shipyard in India and expand its partnership with local maritime industry leaders. The move aligns with India’s strategic vision to bolster its domestic shipbuilding capabilities and maritime sector.
Strategic Maritime Expansion
During the Global Energy Leaders Roundtable, Chairman Chung, alongside KSOE CEO Kim Hyung-kwan, sought policy support for their proposed shipyard project and broader business ventures in India. Chung emphasized India as a “core pillar” for diversifying overseas production bases, viewing it as a crucial engine for the group’s future growth. This strategic push capitalizes on India’s Maritime Amrit Kaal Vision 2047, which aims to strengthen the nation’s port infrastructure and shipbuilding industry.
Fostering Bilateral Maritime Growth
HD Hyundai’s accelerated entry into India’s vibrant maritime market signifies a major step towards fostering robust bilateral relations in the shipbuilding industry. Last month’s memorandum of understanding (MOU) with the Tamil Nadu government to explore shipyard feasibility further underscores this commitment. This collaboration promises to bring advanced shipbuilding technology and expertise to India, creating jobs and enhancing the country’s position as a global maritime hub. The partnership will likely lead to significant advancements in India’s naval and commercial vessel construction capabilities.
