
The Ministry of Ports, Shipping and Waterways (MoPSW) has signed a tripartite MoU with HD Korea Shipbuilding & Offshore Engineering Co Ltd (HD KSOE), National Shipbuilding & Heavy Industries Park Tamil Nadu Ltd (NSHIP-TN), and Sagarmala Finance Corporation Ltd (SMFCL) to develop the first Mega Greenfield Shipyard in India at Thoothukudi, Tamil Nadu.
The project will have an annual shipbuilding capacity of 2.5 million Gross Tonnage (MGT). The agreement was exchanged during the state visit of the President of the Republic of Korea (ROK) Lee Jae Myung. It is part of the India-ROK Comprehensive Framework ‘VOYAGES’ (Shared Vision for Operation of Yard Assisted Growth with Efficiency and Scale).



