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S Korea firm meets CM to fast-track Thoothukudi shipbuilding project
The New Indian Express Chennai
|June 18, 2026
HD Hyundai executives review progress of $4bn project, discuss steps with Vijay and officials
THE state’s proposed $4 billion shipbuilding complex at Thoothukudi moved a step closer to reality on Wednesday after a delegation from South Korea’s HD Hyundai Group met Chief Minister C Joseph Vijay and expressed interest in fast-tracking the project.
A high-level business delegation led by Young Hoon Kwon, director of Global Business Division of HD Hyundai (HD Korea Shipbuilding & Offshore Engineering - HD KSOE), the shipbuilding arm of HD Hyundai, reviewed progress of the proposed facility and discussed the next steps for implementation with the chief minister and senior state officials.
The meeting at the secretariat signals renewed momentum for what could become one of India’s largest shipbuilding investments, with the potential to generate around 15,000 direct jobs and transform Thoothukudi into a major maritime manufacturing hub.
Dit verhaal komt uit de June 18, 2026-editie van The New Indian Express Chennai.
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