Signed an exclusive business agreement with the Tamil Nadu state government to promote the establishment of a new shipyard
▶ Tamil Nadu state assessed as the most optimal site with climate and rainfall similar to Ulsan, and is expected to have additional large-scale investments in port facilities
▶ Will also be partnering with an Indian state-owned enterprise for port crane business to deliver goliath and jib cranes to local shipyards
▶ "India is a market with strong growth potential, and we hope to expand cooperation and develop it into a new growth engine"
HD Hyundai has initiated a review on the establishment of a new shipyard in India.
HD Hyundai announced on Sunday, December 7, that it signed a strategic and comprehensive partnership with the Tamil Nadu state government regarding the establishment of a new shipyard in India. The ceremony was held recently in Madurai, southern India, with the attendance of Tamil Nadu Chief Minister M.K. Stalin, State Industries Minister T.R.B. Rajaa, and Head of Corporate Planning at HD Korea Shipbuilding & Offshore Engineering, Choi Hannae. (....)