Indian Coast Guard inks MoU with private sector for indigenous marine grade steel to enhance indigenous content in shipbuilding
New Delhi, May 9 -- 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 stipula...
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