![](https://bharatshakti.in/wp-content/uploads/2024/03/LT-BSI-Defence.gif")
In a strategic move India’s Cochin Shipyard Limited (CSL) and South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE) have signed a comprehensive Memorandum of Understanding (MoU) to foster long-term cooperation across the global maritime industry.
The agreement, inked today by Cochin Shipyard Ltd in Kochi, outlines a wide-ranging partnership that aims to drive joint shipbuilding projects, share advanced technological know-how, enhance workforce capabilities, and improve overall productivity in maritime operations. The collaboration will also explore new ventures related to marine engineering and offshore infrastructure.
Cochin Shipyard Ltd, India’s premier shipbuilder, brings to the table its extensive experience in constructing complex vessels, including India’s first Indigenous Aircraft Carrier. Over the years, Cochin Shipyard Limited has expanded its reach with successful deliveries to clients across Europe, the United States, and the Middle East. It has emerged as a key contributor to India’s push towards green shipping and coastal vessel development.
Meanwhile, KSOE is a global leader in the shipbuilding sector, overseeing major shipyards such as Hyundai Heavy Industries and Hyundai Mipo Dockyard. The South Korean firm is renowned for its engineering excellence in both commercial and naval ship design, as well as offshore platforms.
“This partnership represents a significant step toward globalizing India’s shipbuilding ecosystem,” said a Cochin Shipyard Limited spokesperson. “Through the exchange of expertise and collaborative projects, we are not only boosting capacity but also aligning with the national vision for maritime growth.”
The initiative complements India’s broader ambitions under the Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, which aim to establish the country as a global maritime hub. These frameworks are supported by substantial public investment, including the recently launched Rs 25,000 crore Maritime Development Fund for port and shipbuilding infrastructure.
Industry analysts see the MoU as a strategic alignment that could accelerate India’s self-reliance in defence and commercial shipbuilding, while simultaneously opening new markets for both Cochin Shipyard Limited and KSOE.
