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HD Hyundai Chairman Chung Ki-sun, left, and Indian Prime Minister Narendra Modi
HD Hyundai Chairman Chung Ki-sun met with Indian Prime Minister Narendra Modi on Wednesday to debate methods to develop bilateral cooperation in shipbuilding and associated industries, the corporate stated.
Chung and HD Korea Shipbuilding & Offshore Engineering CEO Kim Hyung-kwan attended a high-level roundtable hosted by Modi on the prime minister’s official residence in New Delhi. The assembly was held on the sidelines of India Vitality Week 2026.
The roundtable introduced collectively round 30 individuals, together with Modi, senior Indian authorities officers, heads of state-owned enterprises and chief executives of main world corporations, to discover alternatives for cooperation in vitality and maritime industries.
Through the assembly, Chung expressed appreciation for the Indian authorities’s robust dedication to fostering the shipbuilding sector and requested for continued curiosity and assist for HD Hyundai’s ongoing collaborative initiatives within the nation.
“HD Hyundai continues to take care of shut collaborative relationships with India throughout a variety of areas,” Chung stated. “India is a key pillar of our technique to diversify abroad manufacturing bases, and I’m assured it can function a brand new engine of progress for HD Hyundai.”
As a part of India’s Maritime Amrit Kaal Imaginative and prescient 2047 initiative, HD Hyundai signed a memorandum of understanding (MOU) in July final 12 months with Cochin Shipyard, India’s largest state-owned shipbuilder. Below the settlement, the 2 sides are cooperating in areas together with productiveness enhancement, workforce functionality improvement, ship design and procurement assist.
The group has since expanded its partnership with Cochin Shipyard to incorporate naval vessels. HD Hyundai has additionally stepped up its push into the Indian market by signing an unique MOU with the federal government of Tamil Nadu to collectively construct a shipyard and advance cooperation in port crane initiatives with state-owned heavy tools producer BEML.
India has proven robust curiosity in strengthening ties with HD Hyundai. In November final 12 months and once more in January this 12 months, India’s Minister of Petroleum and Pure Gasoline Hardeep Singh Puri and Tamil Nadu Minister for Industries T. R. B. Rajaa visited Korea, touring HD Hyundai’s International R&D Middle and HD Hyundai Heavy Industries’ Ulsan shipyard to debate methods to deepen cooperation.
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