HD Hyundai partners with Indian local government, collaborates with local companies to supply port facilities (Korea)

HD Hyundai has signed an exclusive business partnership agreement with the Tamil Nadu state government in southern India regarding the construction of a shipyard. The Indian government is aiming to become the world's fifth largest shipbuilding and maritime nation, and is promoting the construction of a "maritime
The company is promoting its "M Amrit Khar Vision 2047." To this end, it is not only expanding existing shipyards but is also actively considering building new ones.
Tamil Nadu has similar temperatures and rainfall to Ulsan, South Korea, where Hyundai Heavy Industries is located, so it is a popular location for building factories.
The state is already home to major Korean companies such as Hyundai Motors and Samsung Electronics, and large-scale investments are planned for nearby port facilities.
It is believed that there is a possibility of expanding the business. In early December, HD Hyundai signed a business partnership agreement with MEML, a state-owned company under the Indian Ministry of Defense, to expand cooperation in the crane business.
L is engaged in businesses such as national defense, aerospace equipment, mining, heavy construction equipment, and railway and subway vehicles, and owns numerous production bases across the country.
Through this contract, HD Hyundai will expand its cooperation with BELM in the pre-production stages of crane manufacturing, including design, production, and quality inspection.
After that, the company aims to expand its business area by supplying unloaders and other equipment to local shipyards in India.