HD Hyundai to build new shipyard in India as it expands global reach
Since establishing Hyundai Vietnam Shipbuilding in 1996, the company has accelerated its expansion into the global shipbuilding market. It has broadened its collaborative footprint to include India, the Philippines, Saudi Arabia and Peru, among other regions
The South Korean conglomerate has partnered with the government of the Indian state of Tamil Nadu to support the development of a new shipyard. This aligns with the Indian government’s long-term strategy of positioning the nation as a global maritime hub by 2047
