Overview
- HD Hyundai Chairman Chung Ki-sun met India’s Petroleum Minister Hardeep Singh Puri on Nov. 13 at the company’s Global R&D Center in Seongnam to discuss deeper cooperation.
- Chung presented ship design capabilities and smart shipyard systems aimed at boosting India’s shipbuilding capacity and supporting technological self-reliance.
- The engagement aligns with Maritime Amrit Kaal Vision 2047, which targets a 2,500-vessel merchant fleet and includes $24 billion in planned investment plus an $8 billion shipbuilding support measure announced in October.
- The July memorandum with Cochin Shipyard has been expanded to joint naval shipbuilding, including participation in the Indian Navy’s amphibious vessel acquisition program.
- A senior Indian delegation that includes Cochin Shipyard and key public-sector leaders is scheduled to tour HD Hyundai’s Ulsan shipyard to observe commercial and special-purpose operations.