May 14, 2026 2:14 PM
India signs landmark MoU for first mega greenfield shipyard in Thoothukudi under Maritime Vision 2047
India’s maritime sector received a major boost with the signing of a landmark tripartite Memorandum of Understanding (MoU) for the development of the country’s first mega greenfield shipyard at Thoothukudi in Tamil Nadu. The agreement was signed on April 20, between HD Korea Shipbuilding & Offshore Engineering (HD KSOE), National Shipbuilding & Heavy Industries Park, Tamil Nadu Limited (NSHIP-TN), and Sagarmala Finance Corporation Limited (SMFCL) under the Ministry of Ports, Shippin...