Cochin Shipyard Joins HD Korea for Long-Term Shipbuilding

24 Sep 2025 CW Team

Cochin Shipyard (CSL) has taken a major step towards Atmanirbhar Bharat by signing a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for long-term strategic collaboration in shipbuilding. The MoU was exchanged during the landmark event “Samudra se Samriddhi – Transforming India’s Maritime Sector”, inaugurated by Prime Minister Shri Narendra Modi on 20th September 2025 at Bhavnagar, Gujarat.

Union Minister of Port, Shipping and Waterways Sarbananda Sonowal, Union Minister of State Shantanu Thakur, Jung Changin, Senior VP of Hyundai, and Madhu S Nair, CMD of CSL, were present for the signing.

The partnership combines CSL’s legacy, domestic expertise, and infrastructure with HD KSOE’s advanced technology and global experience, enhancing India’s shipbuilding capabilities. Under the MoU:

 CSL’s 310-meter new dry dock, inaugurated in January 2024, will construct Suezmax tankers, container ships, and Capesize bulk carriers, with an annual capacity of up to six vessels.

 A dedicated Block Fabrication Facility (BFF) is planned at Kochi on ~80 acre, with 1,20,000 MT annual capacity and an investment of Rs 37 billion, expected to create 2,000 direct jobs and several thousand indirect employment opportunities.

 The collaboration will also focus on joint execution of projects at CSL’s existing facilities, greenfield shipyards, skill development, and next-generation vessel production.

The initiative aligns with national visions like Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, reinforcing India’s ambition to become a global shipbuilding hub.

CSL also signed a second MoU with Guidance, Tamil Nadu’s nodal agency, to develop shipbuilding clusters. As part of a long-term growth plan, CSL is considering a Rs 150 billion greenfield investment in Tamil Nadu, potentially creating 10,000 jobs and including a modern ship repair facility.

News source: PIB

Resources

21 Nov 2025

Hindustan Zinc, RIICO Advance Plans for Proposed Zinc Park

Hindustan Zinc, in collaboration with the Rajasthan State Industrial Development & Investment Corporation (RIICO), held a stakeholder consultation workshop in Jaipur to advance the proposed Zinc Park, the world’s first dedicated industrial ecosystem for zinc, lead, silver, and allied metals. The initiative aims to position Rajasthan as a global hub for metals innovation and manufacturing. The workshop brought together policymakers, industrial leaders, MSMEs, technology partners, and prospective investors to refine the park’s infrastructure blueprint, policy framework, and sectoral..

ANAROCK Unveils AI Platform to Transform Housing Sales

ANAROCK has recently launched ANAROCK.AI, an advanced residential sales platform integrating generative and predictive AI to accelerate property transactions and strengthen customer engagement. Built on eight years of proprietary data covering seven million enquiries and 90,000 unit sales, the platform uses machine learning to identify high-intent buyers, revive dormant leads, and enhance channel partner performance. The suite comprises nine tools across three segments—Genie Suite for 24/7 conversational engagement; Astra Suite for predictive lead scoring, sales revival and team optimisatio..

Tsuyo, Karnataka Ink LOI for EV Powertrain Facility

Tsuyo Manufacturing has recently signed a Letter of Intent with the Government of Karnataka to set up an advanced EV powertrain manufacturing facility and a dedicated testing track for commercial vehicles. The agreement was formalised at the Bengaluru Tech Summit 2025 in the presence of senior state officials and company leadership. The proposed plant will produce a wide range of powertrain solutions, including electric motors across multiple topologies, e-drives, e-axles, automatic transmissions, integrated systems, and complete powertrain assemblies for heavy commercial EVs. It will also fe..