New Delhi [India], September 23 (ANI): Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering (HD KSOE) for a long-term strategic collaboration in shipbuilding. Also present were Jung Changin, Senior Vice President, Head of Global Business Management Division, Hyundai, and Madhu S Nair, CMD, Cochin Shipyard Limited. This partnership seeks to combine CSL's legacy, infrastructure, and domestic expertise with HD KSOE's advanced technology and global experience, marking a significant step in strengthening India's shipbuilding capabilities, the statement said. Additionally, CSL signed a second MoU with Guidance, the nodal agency of the Government of Tamil Nadu, in line with the Government of India's vision for developing shipbuilding clusters. As part of its long-term growth strategy, CSL is considering a greenfield investment of about Rs 15,000 crore to establish a state-of-the-art shipyard in Tamil Nadu in collaboration with a Korean partner.