India’s Thoothukudi Mega Shipyard Picks Up Pace as Union Minister Sarbananda Sonowal Meets HD Hyundai Chairman Chung Ki-sun in Seoul

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal met HD Hyundai Chairman Chung Ki-sun in Seoul to review progress on India's proposed greenfield mega shipyard at Thoothukudi, Tamil Nadu. The project, involving an estimated $4 billion investment, is being developed under the Government of India's Shipbuilding Development Scheme in partnership between National Shipbuilding & Heavy Industries Park, Tamil Nadu Limited (NSHIP-TN) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE). A Joint Working Group (JWG) will oversee the development, a joint venture structure is to be worked out, and the Detailed Project Report (DPR) is expected within six months. The shipyard is projected to have an annual capacity of approximately 2.5 million Gross Tonnage.