New Delhi, Feb. 17 -- Indian shipbuilding service-providing giant Cochin Shipyard Limited, on Monday, February 17, announced that the firm has signed a memorandum of understanding (MoU) with A.P. Moller-Maersk to carry out ship repair, maintenance and shipbuilding in India, according to an exchange filing.

The State-owned shipbuilder's announcement aligns with India's goal to boost the nation's maritime industry.

"We would like to inform that Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU) with A.P. Moller-Maersk to explore collaboration opportunities in ship repair, maintenance, and shipbuilding in India," said Cochin Shipyard in an official statement filed on the BSE.

According to the filing, both c...