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In recent developments, HII has signed a memorandum of understanding with South Korea’s HD Hyundai Heavy Industries to explore collaborative opportunities in commercial and defense shipbuilding. This partnership aims to leverage both companies’ resources to enhance innovation and efficiency in production, aligning with U.S. strategies to counter China’s dominance in the global shipbuilding industry. Additionally, HII is actively involved in the AUKUS defense pact, collaborating with South Australian businesses to construct nuclear-powered submarines. This initiative is part of a broader effort to strengthen the maritime industrial base of the U.S., Australia, and the UK amid rising geopolitical tensions.

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  • Waterfall: A linear and sequential approach where each phase must be completed before the next begins.

  • Agile: An iterative approach that promotes flexibility, continuous feedback, and incremental development.

  • Scrum: A subset of Agile, focusing on fixed-length iterations called sprints, with regular reviews and adaptations.

  • Kanban: A visual workflow management method that emphasizes continuous delivery without overburdening the development team.

  • Spiral: Combines iterative development with systematic aspects of the waterfall model, focusing on risk assessment and reduction.

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  • Overview: Established in 1990, Technopark is India’s first and largest IT park, spanning over 12.72 million sq. ft.

  • Key Tenants: Companies like Infosys

  • Overview: Founded in 2004, InfoPark is a government-owned IT park located in Kochi, covering 323 acres.

  • Key Tenants: Hosts over 582 companies, including global giants like IBM, Cognizant, Wipro, and Tata 

  • Overview: An extension of InfoPark, this facility aims to provide IT infrastructure and services to the Thrissur region.

  • Specialization: Focuses on software development 

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