Core Viewpoint - HD Hyundai has signed a strategic partnership with the Tamil Nadu state government to establish a new shipyard in India, aligning with India's goal to become one of the top five shipbuilding nations by 2047 [2][3][4]. Group 1: Partnership and Strategic Goals - The partnership aims to enhance shipbuilding capabilities in India, with Tamil Nadu being prioritized for the new shipyard due to its favorable conditions and existing infrastructure [4][5]. - The Indian government is actively pursuing the "Maritime Amrit Kaal Vision 2047," which includes expanding existing shipyards and establishing new facilities [3][4]. Group 2: Location and Infrastructure - The Thoothukudi region in Tamil Nadu is considered an optimal site for the new shipyard, with climate conditions similar to Ulsan, Korea, where HD Hyundai is based [5]. - Tamil Nadu's government is providing incentives and subsidies to attract investments and enhance infrastructure, making the establishment of the shipyard a top priority [4]. Group 3: Collaboration with Local Enterprises - HD Hyundai has signed a Memorandum of Understanding with BEML for collaboration in maritime and port crane development, aiming to build local manufacturing capabilities [6][7]. - The company plans to supply goliath and jib cranes to local shipyards, further expanding its business in India [7][9]. Group 4: Recent Developments and Future Plans - HD Hyundai has successfully delivered a 600-ton Goliath crane to Cochin Shipyard, indicating its commitment to the Indian market [8]. - The company is focused on expanding cooperation in the shipbuilding and offshore sectors, viewing India as a new growth engine [9].