A comprehensive Memorandum of Understanding (MoU) has been signed by South Korea-based HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (HD KSOE), a world leader in shipbuilding and marine engineering, and Cochin Shipyard Limited (CSL), India’s top public sector shipbuilding and ship repair company.
This strategic agreement, which was signed on July 4, 2025, aims to promote long-term collaboration in a number of shipbuilding and maritime development fields. It closely reflects India’s national maritime aspirations as outlined in the Maritime India Vision 2030 and the Maritime Amrit Kaal Vision 2047.
The MoU lists a number of important areas of cooperation. These include identifying projects to increase productivity and capacity utilization within shipyards, exchanging technical skills to raise shipbuilding standards to international norms, and cooperatively exploring newbuilding prospects in India and abroad.
The agreement also highlights cooperative efforts to enhance and upskill the workforce and the investigation of additional cooperation in other shipbuilding-related projects. Having managed operations at some of the biggest shipyards in the world, such as Hyundai Heavy Industries, Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries, HD KSOE contributes a wealth of knowledge.
This collaboration is important for both organizations. According to CSL, it is a crucial step in improving India’s shipbuilding ecosystem’s capacity for self-reliance, global competitiveness, and skill development. It is anticipated that the partnership will enhance India’s standing as a major marine hub by promoting technology transfer, operational effectiveness, and the adoption of best practices.
With the delivery of India’s first indigenous aircraft carrier and 47 upscale ships to foreign customers, CSL has demonstrated its capacity and desire to grow even further on the international scene.
The MoU is also supported by more comprehensive policy efforts, such the newly established ₹25,000 crore Maritime Development Fund, which aims to boost investment in port modernization, shipbuilding, and associated infrastructure. All things considered, the CSL-HD KSOE relationship is well-positioned to spur innovation, workforce training, and international cooperation in shipbuilding, representing a significant breakthrough for India’s marine industry.
