HD Hyundai Heavy signs MOU for partnership in Indian Navy project

SEOUL, Nov. 11 (Yonhap) -- HD Hyundai Heavy Industries Co., South Korea's leading shipbuilder, said Tuesday it has signed a memorandum of understanding (MOU) with Cochin Shipyard Ltd. (CSL), India's largest state-run shipbuilder, to cooperate on the Indian Navy's landing ship project.

Under the agreement, HD Hyundai Heavy will provide support in project planning, procurement, productivity enhancement, and personnel training for the Indian Navy's Landing Platform Dock (LPD) program, the company said in a press release.

The company said it expects the "strategic partnership" to pave the way for its entry into India's special-purpose vessel market.

India has been accelerating efforts to modernize its armed forces under a 15-year defense modernization plan.

Recently, the government unveiled the Technology Perspective & Capability Roadmap 2025 (TPCR 2025), which outlines plans to strengthen maritime capabilities through the development of next-generation destroyers, amphibious assault ships and nuclear propulsion systems.

kyongae.choi@yna.co.kr
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