Current Affairs - Places - Discussion

India’s first Mega Greenfield Shipyard will be developed at Thoothukudi in Tamil Nadu under a tripartite agreement involving HD Korea Shipbuilding & Offshore Engineering, NSHIP-TN, and Sagarmala Finance Corporation Limited. The project was established under the India-ROK ‘VOYAGES’ framework during the South Korean President’s state visit. The shipyard is expected to have an annual capacity of 2.5 Million Gross Tonnage and generate around 15,000 direct jobs. This initiative supports the Maritime Amrit Kaal Vision 2047, which aims to make India one of the top five global shipbuilding nations by significantly increasing domestic shipbuilding capacity and maritime infrastructure development.