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A delegation of elder executives from South Korea-based shipbuilding elephantine HD Korea Shipbuilding and Offshore Engineering (HD KSOE), headed by Young Hoon Kwon, Director, Global Business Division, connected Wednesday (June 17, 2026) met Tamil Nadu Chief Minister C. Joseph Vijay astatine the Secretariat successful Chennai.
They held discussions with the Chief Minister regarding the projected mega greenfield shipyard task successful Thoothukudi, with an concern of astir ₹38,000 crore, which is expected to make 15,000 jobs.
According to an authoritative release, the National Shipbuilding and Heavy Industries Park Tamil Nadu Limited (NSHIPTN), a peculiar intent conveyance jointly promoted by SIPCOT and the V.O. Chidambaranar Port Authority (VOCPA), had obtained in-principle support from the Directorate General of Shipping.
During the meeting, the Chief Minister assured the executives that the Tamil Nadu authorities would widen each indispensable enactment to guarantee the speedy execution of the project. He besides promised administrative enactment and practice astatine each signifier of implementation, the merchandise said.
Minister for Industries S. Keerthana, Chief Secretary M. Saikumar, Additional Chief Secretary (Industries, Investment Promotion and Commerce) S. Vijayakumar, TIDCO Chairman and Managing Director D. Karthikeyan, SIPCOT Managing Director C.A. Raman, and elder officials were contiguous astatine the meeting.
Pact with IN-SPACe
Separately, Ms. Keerthana, on with officials, besides met the Chief Minister and showed him the statement signed betwixt the Tamil Nadu authorities and IN-SPACe for establishing a Common Technical Facility Centre for Space Vehicles astatine the Allikulam SIPCOT Industrial Park successful Thoothukudi district.
The statement was signed connected June 11, 2026, by Mr. Karthikeyan connected behalf of the Tamil Nadu government, portion Anupam Anand, Joint Secretary of IN-SPACe, signed connected behalf of the bureau during the 10th IN-SPACe Industry Connect held successful Ahmedabad.
Under the agreement, IN-SPACe volition supply instrumentality worthy ₹100 crore and the Tamil Nadu authorities volition supply onshore and make infrastructure and different facilities, an authoritative merchandise said.
The caller installation is acceptable to travel up adjacent the projected Kulasekarapattinam spaceport and is expected to go a large manufacturing hub for motorboat conveyance components, outer systems, propulsion systems, avionics, composite structures, and different captious abstraction equipment.
The inaugural is expected to pull backstage investment, make high-technology jobs, fortify home concern capabilities, and beforehand innovation successful the abstraction sector, the merchandise added.
