HD Hyundai to Invest $2B in Tamil Nadu Shipyard

HD Hyundai, a big South Korean shipbuilding company, wants to build a huge shipyard in Thoothukudi, Tamil Nadu.

They think it's a great place because of the weather, location, and skilled workers.

The project could cost around $2 billion and create jobs for about 55,000 people.

The company signed an agreement with the Tamil Nadu government at a big investment event.

They believe this will help India's shipbuilding industry grow and support many other businesses too.

The Tamil Nadu government is also working on a new policy to support maritime manufacturing.

HD Hyundai already has shipyards in other countries and sees India as a place full of talent and potential.