HD Hyundai Forms Shipyard Joint Venture in India

HD Hyundai expands India push with shipyard joint venture

HD Hyundai said Tuesday it has signed a memorandum of understanding in New Delhi with NSHIP TN and Sagarmala Finance Corp. to cooperate on building core infrastructure and establishing a joint venture for a new shipyard project in India. NSHIP TN, a special-purpose vehicle led by the V.O. Chidambaranar Port Authority under the Indian central government, will be responsible for implementing support policies and incentives tied to the project. The agreement follows HD Hyundai’s earlier memorandum

By The Korea Herald