Notes: India and South Korea has recently signed an agreement to firm up bilateral cooperation in defence shipbuilding. The agreement will form the basis of defence cooperation between the two countries in shipbuilding. Under the MoU, the two sides will nominate one shipyard each for this purpose. India has already picked Hindustan Shipyard Limited (HSL) while Korea will make the nomination soon. It will enable HSL to upgrade and modernise its facilities so as to enable it to execute naval projects in a timely manner. The agreement will also be useful for the development of vendors for supply of material.