South Korean industrial major HD Hyundai is planning a shipyard project in Tamil Nadu with an estimated investment of about $4 billion.

The project aims to establish a large-scale shipbuilding and maritime engineering facility in the state.

Officials said the investment could significantly boost India’s shipbuilding capabilities and maritime infrastructure.

The project is expected to attract ancillary industries and create large-scale employment opportunities.

Discussions are underway with state authorities regarding land allocation and project implementation.