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