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- A MoU has been signed between the Indian Coast Guard (ICG) and Jindal Steel & Power (JSP).
- This MoU is aimed at increasing indigenous content in ship building.
- The partnership will support the supply of indigenous marine-grade steel.
- The MoU highlights the pivotal role of public-private partnerships in trying to deal with complex security challenges.
- It emphasizes the need of collaboration between the private sector and government agencies to strengthen national interests.
- The MoU includes key benefits aimed at making sure quality, grades, and dimensions of the marine-grade steel.
- It earmarks the designated steel plants for manufacturing the product. This will ensure a timely supply to shipbuilding yards serving the ICG.
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