India, Korea sign MoU on shipbuilding
The governments of India and the Republic of Korea (ROK) have signed a memorandum of understanding (MoU) to develop and strengthen defence industry co-operation in naval shipbuilding, it was announced on 21 April.
The MoU is part of the overall 'Special Strategic Partnership' between the two countries announced in a joint statement in May 2015. The MoU will be valid for a time period of five years and is automatically extendable for further successive five years at a time.
Under the MoU, the two countries will recommend organisations to collaborate on specific projects. India has nominated Hindustan Shipyard (HSL), Visakhapatnam for the collaboration, while the ROK is yet to name its recommended organisation.
The collaboration will enable HSL to upgrade and modernise its facilities and execute naval projects in a timely and cost effective manner, improving its shipbuilding and project management capabilities.
HSL and the nominated shipyard by South Korea will also find and develop indigenous vendors for the supply of majority of the material and equipment needed for co-operative naval projects, further developing the maritime industries in both countries and supporting India's Make in India initiative.
You may also like
More from Defence Notes
-
![Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft]()
Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft
The procurement and acceleration production plans – some of which still await approval – across the air and land domains will aim to strengthen the operational needs of the Israel Defense Forces.
-
![US reforms its defence acquisition system to focus on commercial capabilities]()
US reforms its defence acquisition system to focus on commercial capabilities
This shift is planned to accelerate the procurement and fielding of capabilities. As part of this strategy, the US also intends modernise its regulations in an attempt to change its bureaucratic and risk-averse culture.
-
![Australia’s Exercise Talisman Sabre concludes after a series of firsts]()
Australia’s Exercise Talisman Sabre concludes after a series of firsts
More than 40,000 military personnel from 19 participating nations took part in the 11th iteration of the biennial Exercise Talisman Sabre multi-domain event which was held across Australia and in Papua New Guinea.
-
![US Africa Command targets logistic solutions]()
US Africa Command targets logistic solutions
AFRICOM is seeking IT systems and supply chain management solutions to enhance interoperability and standardise logistical processes in its area of responsibility.
-
![Rheinmetall sales up by almost a quarter on wave of German spending]()
Rheinmetall sales up by almost a quarter on wave of German spending
Germany’s Rheinmetall released its 1H 2025 results on 7 August, continuing the strong growth of recent years. A particular highlight of the result’s presentation was the Skyranger air defence system for which the company is predicting sales of about US$8.2 billion from the German Government before the end of the year.
-
![Defence companies continue to ride procurement wave]()
Defence companies continue to ride procurement wave
Vehicle and technology companies are reporting substantial growth compared to the first half of 2024. Italy’s Fincantieri saw revenues jump 24% for the first half of the year compared to 2024 and Thales up 6.8% for the same period. General Dynamics reported second quarter revenue growth of 8.9% for the second quarter compared to last year and MilDef reported organic order intake growth of 58%.
