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India's mega shipbuilding plans! HD Hyundai & Cochin Shipyard in talks for Rs 10,000 crore project

IndiaTimes Tuesday, 13 May 2025
India is strategically planning to become a global shipbuilding hub by identifying coastal land in Tamil Nadu, Gujarat, and Andhra Pradesh for mega facilities. A potential Rs 10,000 crore shipyard in Thoothukudi, Tamil Nadu, may be established through a joint venture between Cochin Shipyard Limited and South Korea's HD Hyundai. The initiative is supported by government policies and aims to significantly increase India's share in the global shipbuilding market.
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