HD Hyundai, South Korea’s top shipbuilder, said its chairman, Chung Ki‑sun, met with India’s petroleum minister, Hardeep Singh Puri, in Seoul on Thursday. They talked about boosting cooperation in shipbuilding and maritime trade.
The two leaders discussed how Hongseong‑based HD Hyundai can help India grow its ship‑building industry and share cutting‑edge technology. The talks were part of India’s “Amrit Kaal Vision 2047,” a big plan that wants India to become one of the world’s top five ship‑building nations.
India aims to raise its commercial‑vessel fleet from 1,500 to 2,500 by 2047. To make this happen, the government will invest about $24 billion. In October, it announced $8 billion for new vessels. The partnership with HD Hyundai could help the country reach those goals faster.
Chung told reporters that HD Hyundai is the best partner for India because of mutual trust and a shared goal to push the industry forward. Puri said the two sides want regular exchanges to strengthen ties in shipbuilding and maritime sectors.
In July, HD Hyundai made history by signing its first partnership with a major Indian company, Cochin Shipyard Ltd. The deal marks the first time a South Korean shipbuilder has teamed up with an Indian firm.
Prime Minister Narendra Modi also highlighted the growing importance of India’s maritime sector. Speaking at the Global Maritime CEO Forum, part of India Maritime Week 2025, he said the country’s shipping sector is booming. He urged investors to join India’s maritime growth. Modi added that several new projects and MoUs in the sector had been announced, and that 2025 is the perfect time to invest.
Modi pointed out two big milestones this year: Vizhinjam Port in Kerala, the country’s first deep‑water international transhipment hub, opened its doors. Kandla Port in Gujarat also launched its first megawatt‑scale green hydrogen facility, showing India’s move toward cleaner energy.
The “Maritime India Vision” has launched over 150 initiatives that improve ports, shipping, and related industries. Together, these efforts aim to boost trade, create jobs, and put India on the global maritime map.
In short, the meeting between HD Hyundai’s chairman and India’s petroleum minister marks a key step in a growing partnership. With new funding, tech sharing, and shared ambitions, India and South Korea aim to build strong shipyards, expand maritime trade, and secure a position among the world’s top shipping powers.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
