Indian Coast Guard (ICG) has partnered with Hindalco Industries for the manufacturing and supply of indigenous marine-grade aluminium. A Memorandum of Understanding (MoU) was signed today in New Delhi, marking the beginning of this strategic collaboration.
The MoU was inked by Deputy Director General (Materiel & Maintenance) of ICG, IG HK Sharma, and CEO of Downstream Aluminium Business at Hindalco, Nilesh Koul. Senior officials from the ICG were present during the signing ceremony.
Under the terms of the agreement, Hindalco Industries will supply marine-grade aluminium to Indian public and private shipyards for the construction of ships. The agreement also ensures quarterly pricing, priority in supplies, and turnover discounts, further bolstering the partnership.
Currently, the ICG operates 67 ships with aluminium hulls, capable of operating in shallow waters. With plans to induct more vessels for coastal security, the ICG aims to utilize the indigenously manufactured marine-grade aluminium for these ships.
The partnership between the Indian Coast Guard and Hindalco Industries is expected to strengthen the country’s maritime capabilities while also boosting the domestic manufacturing sector. With a focus on self-reliance and promoting indigenous products, this collaboration is set to play a crucial role in ensuring the nation’s security and prosperity in the years to come.
