In order to investigate long-term cooperation in shipbuilding and maritime development, Cochin Shipyard Ltd. (CSL) and HD Korea Shipbuilding & Offshore Engineering (KSOE) of South Korea signed a Memorandum of Understanding (MoU). KSOE is well known throughout the world for its proficiency in the design and construction of offshore infrastructure, naval platforms, and commercial ships. The Memorandum of Understanding delineates many domains for collaboration, such as cooperatively investigating novel shipbuilding prospects in India and abroad. In order to fulfill international shipbuilding standards, it also emphasizes the transfer of technical experience.
With the help of programs like the Rs 25,000 crore marine Development Fund, India’s larger goal to become a worldwide marine hub is in line with this strategic alliance. The announcement of the MoU was made after market hours. Cochin Shipyard’s stock ended the day 2.08 percent higher at Rs 2,057.25.
The state-owned defense firm recently partnered with Drydocks World to improve its offshore manufacturing and ship repair capabilities. The goal of this partnership is to create a top-notch ship repair ecosystem that serves both domestic and foreign fleets. The government owned 67.91 percent of the state-run company as of March 2025.
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