Coast Guard, Hindalco Ink MoU for Manufacturing Marine-Grade Aluminum: The Indian Coast Guard (ICG) has partnered with Hindalco Industries, a leading industry group, to promote the manufacturing and supply of indigenous marine-grade aluminium for shipbuilding. This collaboration aims to strengthen India’s self-reliance in the shipbuilding sector and enhance coastal security capabilities.
Facilitating Coastal Security and Shallow Water Operations
The ICG currently operates 67 ships with aluminium hulls, designed for operations in shallow waters. To further bolster coastal security, the Coast Guard plans to induct more such vessels, utilizing indigenously manufactured marine-grade aluminium in their construction.
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Benefits of the MoU
Quarterly Pricing: Hindalco Industries will provide marine-grade aluminium to Indian shipyards under the MoU, facilitating better planning and cost management through quarterly pricing mechanisms.
Priority in Supplies: The agreement ensures timely delivery of aluminium for shipbuilding projects, prioritizing supplies to meet construction schedules effectively.
Turnover Discount: Shipyards using indigenous marine-grade aluminium will receive turnover discounts, incentivizing the promotion of domestically manufactured materials.
Promoting Indigenous Manufacturing
The collaboration between the Indian Coast Guard and Hindalco Industries supports the government’s ‘Make in India’ initiative and promotes self-reliance in the shipbuilding sector. By reducing dependence on imports and leveraging domestically produced materials, the partnership contributes to the growth of the domestic manufacturing industry.
Enhancing Coastal Security Capabilities
The addition of more aluminium-hulled vessels to the ICG fleet will significantly enhance coastal security operations. These vessels are well-suited for patrolling coastal areas, estuaries, and inland waterways, thereby strengthening India’s maritime security infrastructure.
Strengthening Industry Government Partnerships
The MoU underscores the importance of industry-government collaborations in fostering self-reliance and technological advancements. By working together, the Indian Coast Guard and Hindalco Industries aim to shape India’s shipbuilding industry and improve the nation’s maritime security landscape.
Conclusion
The partnership between the Indian Coast Guard and Hindalco Industries marks a significant step towards enhancing India’s self-reliance in shipbuilding and strengthening coastal security capabilities. Through the promotion of indigenous manufacturing and the supply of marine-grade aluminium, the collaboration supports the nation’s strategic goals and contributes to the growth of the maritime sector.
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