New Delhi, Sept. 23 -- 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.

According to a statement from the Ministry of Ports, Shipping and Waterways, the MoU was exchanged during the landmark event "Samudra se Samriddhi - Transforming India's Maritime Sector", inaugurated by Prime Minister Narendra Modi on Saturday, at Bhavnagar, Gujarat.

At the time of signing both MoUs, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal and Union Minister of State Shantanu Thakur were present.

Also present were Jung Changin, Senior Vice President, Head of Global Business Management Division,...