India and South Korea have signed an Inter-governmental Memorandum of Understanding (MoU) for Defence Industry cooperation between their shipbuilding yards. <br/><br/>The Indian side was represented by Secretary of Defence Production AK Gupta and South Korea was represented by his counterpart Chang Miyung Jin, in New Delhi yesterday. India has nominated Hindustan Shipyard at Vishakhapatnam whereas South Korea is yet to nominate its shipyard. <br/><br/>This MoU is part of the 'Make in India' initiative of Central government.<br/>''''<br/>