New Delhi, May 8 (UNI) In an effort to enhance indigenous content in shipbuilding, Indian Coast Guard (ICG) on Wednesday signed a deal with a private company Jindal Steel & Power for the supply of indigenous marine grade steel.
“Through this partnership, both entities have committed to foster indigenisation, enhance capabilities to produce and use these items in the Nation’s interest,” the Ministry of Defence said in a statement.
The Memorandum of Understanding (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, the Ministry said.
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, it added.
