New Delhi: In a fillip to India’s shipbuilding goal, Cochin Shipyard Limited (CSL) on Tuesday said it has signed a memorandum of understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering for a long-term strategic collaboration in shipbuilding. The partnership seeks to combine CSL’s legacy, infrastructure, and domestic expertise with HD Korea’s advanced technology and global experience, marking a significant step in strengthening India’s shipbuilding capabilities. The collaboration will also focus on joint execution of shipbuilding projects at CSL’s existing facilities during the transition phase, while simultaneously exploring opportunities in new business areas, greenfield shipyards, and skill development. Additionally, CSL signed a second MoU with Guidance, the nodal agency of the Tamil Nadu government, in line with the Centre’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.