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A MoU has been signed between the Indian Coast Guard (ICG) and Jindal Steel & Power (JSP)

Published on May 09, 2024
Current Context: On May 07, 2024, the Indian Coast Guard (ICG) and Jindal Steel & Power (JSP) signed a Memorandum of Understanding (MoU) in New Delhi for the supply of indigenous marine grade steel to enhance the indigenous content in shipbuilding.
A MoU has been signed between the Indian Coast Guard (ICG) and Jindal Steel & Power (JSP)
  • This partnership aims to foster indigenisation and 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 and emphasises 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 stipulated in the MoU as an assurance to the shipbuilding yards for a timely supply of marine-grade steel for the ICG.
  • The MoU was signed by Deputy Director General (Materiel & Maintenance), ICG IG HK Sharma and Chief Marketing Officer, JSP Shri SK Pradhan in the presence of senior officers of the ICG.
  • This collaboration aligns with the government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, aiming to boost self-reliance in the defence sector.

Question:

Q.1 What is the main aim of the MoU signed between Indian Coast Guard (ICG) and Jindal Steel & Power (JSP)?
a. To enhance the indigenous content in shipbuilding
b. To import marine grade steel from other countries
c. To export marine grade steel to other countries
d. None of the above
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