Indian Coast Guard and Hindalco Industries Collaborate on Indigenous Marine-Grade Aluminium
| Aspect | Details |
|---|---|
| Parties Involved | Indian Coast Guard (ICG) and Hindalco Industries |
| Objective | Promote manufacturing and supply of indigenous marine-grade aluminium |
| Agreement | Memorandum of Understanding (MoU) |
| ICG Fleet Details | 67 ships with aluminium hulls for shallow water operations |
| Key Features of MoU | - Quarterly pricing - Priority in supplies - Turnover discount |
| Target Users | Indian public and private shipyards |
| Alignment with Govt. Policies | 'Make in India' initiative, self-reliance |
| Expected Benefits | - Enhanced coastal security - Reduction in import dependence |
| Significance | Strengthening industry-government partnerships |