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Indian Coast Guard inks MoU for indigenous marine grade steel to enhance indigenous content in shipbuilding
Indian Coast Guard (ICG) and Jindal Steel & Power (JSP), on May 07, 2024, signed a Memorandum of Understanding (MoU) here for the supply of indigenous marine grade steel to enhance the indigenous content in shipbuilding.
Dr.G.R.Balakrishnan May 09 2024 Shipping News (Ship Building & Ship Yards)

Indian Coast Guard inks MoU for indigenous marine grade steel to enhance 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 Shri SK Pradhan in the presence of senior officers of the ICG.