India’s First Mega Greenfield Shipyard

Recently, India signed a landmark Memorandum of Understanding (MoU) for the development of its first Mega Greenfield Shipyard at Thoothukudi, Tamil Nadu.

  • It marks major step towards achieving the Maritime Amrit Kaal Vision 2047 and strengthening the country’s global shipbuilding ambitions.

Key Points

  • Tripartite Agreement: A MoU was exchanged between HD KSOE (South Korea), NSHIP-TN (a joint venture of V.O. Chidambaranar Port Authority and SIPCOT), and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways (MoPSW).
  • VOYAGES: This agreement is a key outcome of the India–Republic of Korea maritime cooperation framework ‘VOYAGES’, aligned with the vision of Prime ....
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