This photo, provided by HD Hyundai, shows the shipbuilding group’s Chairman Chung Ki-sun (R) shaking hands with Hardeep Singh Puri, India’s minister for petroleum and natural gas, after holding talks on ways to expand cooperation in the shipbuilding and maritime industries at HD Hyundai’s global R&D center in Pangyo, just south of Seoul, on Nov. 13, 2025. (Yonhap)
SEOUL, Nov. 13 (Korea Bizwire) – HD Hyundai, South Korea’s leading shipbuilding conglomerate, said Thursday its chairman held talks with a state minister of India to discuss ways to expand cooperation in the shipbuilding and maritime industries.
HD Hyundai Chairman Chung Ki-sun met with Hardeep Singh Puri, India’s minister for petroleum and natural gas, in Seoul to explore partnerships aimed at enhancing India’s shipbuilding capabilities and advancing related technologies, the company said in a press release.
The Indian delegation led by the minister visited South Korea as part of the Maritime Amrit Kaal Vision 2047 project, one of the Indian government’s key initiatives aimed at positioning the country among the world’s top five shipbuilding nations. The plan envisions increasing the number of commercial vessels to 2,500 from the current 1,500, it said.
To that end, the Indian government plans to invest US$24 billion in the initiative. In October, it announced an initial funding of $8 billion to support new vessel construction.
“HD Hyundai will be the best partner to help advance India’s shipbuilding industry based on mutual trust,” Chung said in the release.
Minister Puri expressed hope that regular exchanges between the Indian government and HD Hyundai would further strengthen cooperation in the shipbuilding and maritime sectors.
In July, HD Hyundai signed a partnership agreement with India’s state-owned Cochin Shipyard Ltd. to promote bilateral cooperation in shipbuilding. It marked the first time a South Korean shipbuilder has forged a partnership with an Indian company.
(Yonhap)
