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HD Hyundai Chairman Chung Ki-sun met with Indian Prime Minister Narendra Modi to debate plans for increasing mutual cooperation within the shipbuilding trade.
HD Hyundai introduced on Jan. 29 that Chairman Jung and Kim Hyung-kwan, CEO of HD Korea Shipbuilding & Offshore Engineering, attended the World Power Leaders Roundtable held yesterday on the Prime Minister’s residence in New Delhi, India, at Modi’s invitation.
The roundtable was held as a part of India Power Week 2026. A complete of about 30 individuals participated, together with Modi, ministers from related Indian authorities departments, representatives of state-owned enterprises, and international company CEOs.
At this assembly, Chung expressed gratitude for Modi’s will and efforts to foster the shipbuilding trade. He additionally requested continued curiosity and help for the cooperation tasks with India that HD Hyundai is pursuing.
He mentioned, “HD Hyundai continues to keep up shut cooperative relationships with India in numerous fields,” including, “India is the core of our abroad manufacturing base diversification technique, and I’m assured that it’ll develop into HD Hyundai’s new progress engine.”
HD Hyundai signed a memorandum of understanding (MOU) with Cochin Shipyard, India’s largest state-owned shipbuilder, in July final 12 months to take part within the “Maritime Amrit Kaal Imaginative and prescient 2047” undertaking that the Indian authorities is strategically pursuing, and agreed to advertise cooperation in numerous features together with design and procurement help and productiveness enchancment.
Just lately, it expanded the scope of cooperation with Cochin Shipyard to naval vessels and signed an unique enterprise settlement on joint shipyard building with the Tamil Nadu state authorities of India. Moreover, it’s accelerating its entry into the Indian market by pursuing crane enterprise cooperation with state-owned BEML and different initiatives.
From India, Minister of Petroleum and Pure Fuel Hardeep Singh Puri visited Korea in November final 12 months, and Tamil Nadu State Minister of Industries Raja visited in January this 12 months. They toured HD Hyundai’s World R&D Heart and HD Hyundai Heavy Industries’ Ulsan shipyard to discover methods to strengthen cooperation.
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