By Martin Shwenk Leade
AgenciesRepresentatioanl image
Ship builder Cochin Shipyard Limited (CSL) on Friday signed a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE), South Korea for long term cooperation between the two companies in various domains of shipbuilding and maritime development. The MoU includes joint exploration of newbuilding 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 utilisation. It also includes joint efforts to upskill and strengthen workforce; and exploration of potential collaboration in other shipbuilding-related projects, CSL said in a statement. KSOE currently oversees the operations of some of the world鈥檚 largest shipyards, including Hyundai Heavy Industries, Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries. This MoU, under which the two companies will pursue strategic cooperation across a range of areas, aligns with the Indian government’s aim to develop the country into a global maritime hub under the 鈥楳aritime India Vision 2030.(You can now subscribe to our Economic Times WhatsApp channel)
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News oncochin shipyard limitedshipbuildingCochin Shipyard LimitedHD Korea Shipbuilding & Offshore Engineeringshipbuilding ecosystemMaritime India Vision 2030shipbuilding collaborationIndian NavyIndia鈥檚 Indigenous Aircraft Carrierhyundai samho heavy industries(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless