Cochin Shipyard (CSL) has signed a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering Co (KSOE), South Korea, on July 04, 2025. The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development.

The MoU covers the joint exploration of new building opportunities in India and abroad; sharing of technical expertise to scale up to the global standards in shipbuilding; identification of initiatives to enhance productivity and capacity utilization; joint efforts to upskill and strengthen workforce; and exploration of potential collaboration in other shipbuilding-related projects.

This MoU, under which the two companies will pursue strategic cooperation across a range of areas, aligns with the Government of India’s vision to develop the country into a global maritime hub under the ‘Maritime India Vision 2030’ and the ‘Maritime Amrit Kaal Vision 2047’. These strategic frameworks are backed by initiatives such as the recently announced Rs 25000 crore Maritime Development Fund, aimed at accelerating investment in shipbuilding, port modernization, and infrastructure upgrades. The signing of this MoU is a significant step toward strengthening India’s shipbuilding ecosystem through global collaboration and knowledge exchange, enhancing self-reliance and competitiveness in the maritime sector.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.