HD Hyundai Says India Yard Plan Not Confirmed
18, March 2026
HD Hyundai said reports of a KRW 3trn ($4bn) investment in a new shipyard in India’s Tamil Nadu state were not confirmed, according to a Korea Exchange filing.
India
India and South Korea boost shipbuilding ties
26, January 2026
India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
India Launches New Shipbuilding Initiatives Worth ₹44,700 Crore
29, December 2025
India issued guidelines for ₹44,700+ crore shipbuilding schemes, combining 15–25% milestone-linked support with yard upgrades, clusters, and a credit note worth 40% of Fair Scrap Value.
India Pursues Stronger Shipbuilding Ties with South Korea
25, November 2025
India outlines plans to expand shipbuilding and maritime cooperation with South Korea as part of its strategy to grow its fleet and advance its 2047 development agenda.
