Indian Coast Guard (ICG) signed a Memorandum of Understanding (MoU) with Jindal Steel & Power (JSP) for the supply of indigenous marine grade steel. The MoU, signed on May 7, 2024, in New Delhi, aims to bolster the indigenous capabilities in shipbuilding and promote the use of locally sourced materials. The partnership underscores the importance of public-private collaboration in addressing complex security challenges.
MoU between the Indian Coast Guard and Jindal Steel & Power commits both entities to foster indigenisation and enhance capabilities in producing and utilizing indigenous materials. It aims to ensure the timely supply of marine-grade steel for the Indian Coast Guard’s shipbuilding projects.
Key benefits outlined in the MoU include assurances regarding the quality, grades, and dimensions of the marine-grade steel. Additionally, designated steel plants will manufacture the product, ensuring a reliable and timely supply to the shipbuilding yards.
The signing ceremony was attended by senior officers of the Indian Coast Guard. Deputy Director General IG HK Sharma signed the MoU on behalf of the Indian Coast Guard, while JSP’s Chief Marketing Officer, SK Pradhan, represented the private sector.
