Indian Coast Guard inks MoU with Jindal Steel & Power for indigenous marine grade steel in shipbuilding
Indian Coast Guard (ICG) and Jindal Steel & Power (JSP), on May 07,
2024, signed a Memorandum of Understanding (MoU) in New Delhi for the supply of
indigenous marine grade steel to enhance the indigenous content in
shipbuilding. Through this partnership, both entities have committed to foster
indigenisation, enhance capabilities to produce and use these items in the
Nation’s interest.
The MoU
underscores the importance of public-private partnerships in addressing complex
security challenges, emphasising the need for collaboration between government agencies
and the private sector. Several key benefits including quality, grades and
dimensions along with the designated steel plants to manufacture the product
are stipulated in the MoU as an assurance to the shipbuilding yards for a
timely supply of marine-grade steel for the ICG.
The MoU was
signed by Deputy Director General (Materiel & Maintenance), ICG IG HK
Sharma and Chief Marketing Officer, JSP SK Pradhan in the presence of senior
officers of the ICG.