Shipbuilding firm signs MOU with South Korean counterpart
Cochin Shipyard Limited has announced a Memorandum of Understanding (MOU) with HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (HD KSOE). The MOU, signed on July 4, 2025, focuses on cooperation in new shipbuilding opportunities both in India and abroad, leveraging technical expertise to enhance global standards, identifying productivity improvements, workforce upskilling, and exploring potential collaboration in other shipbuilding-related projects. HD KSOE is a global leader in the construction of commercial and naval vessels as well as offshore projects and Cochin Shipyard is India's leading public sector shipyard. This collaboration aligns with the Indian government's Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, and the recently announced INR 250 billion Maritime Development Fund. The partnership aims to strengthen India's shipbuilding ecosystem through global collaboration and knowledge exchange.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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