Indian Coast Guard (ICG) and Jindal Steel and Power (JSP), on Tuesday signed a Memorandum of Understanding (MoU) here for the supply of indigenous marine grade steel to enhance the indigenous content in shipbuilding, defence ministry said here on Wednesday.
Giving details, officials said 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 S K Pradhan in the presence of senior officers of the ICG.
