The Indian shipbuilding company Cochin Shipyard Limited (CSL), which is controlled by the government of New Delhi has signed a memorandum of understanding with the South Korean shipbuilding company HD Korea Shipbuilding & Offshore Engineering (HD KSOE) with the aim of starting a long-term strategic cooperation in the field of shipbuilding. In particular, the agreement aims to bring together CSL's national expertise and infrastructure with KSOE's global advanced experience and technologies. The Memorandum of Understanding provides for a new dry dock of 310 of the CSL, inaugurated at the beginning of last year and the capacity of six ships per year, is used for the construction of large ships such as Suezmax tankers, Capesize bulk carriers and container ships. In addition, construction is planned in Kochi of a shipyard for the manufacture of ship blocks of the annual capacity of 120 thousand tons. As expected, The agreement will allow the creation of about two thousand jobs direct work.