SOURCE: UNI
In a bid to strengthen India’s defence and aerospace manufacturing, Jindal Stainless, India’s largest stainless steel manufacturer here on Saturday signed a Memorandum of Understanding (MoU) with the Micro, Small and Medium Enterprises (MSME) Technology Centre, Visakhapatnam for manufacturing value-added products for the missile and satellite launch vehicle segments. The aim of the MoU is to capitalize on Jindal Stainless’ expertise in strategic material supply and the manufacturing capabilities of the MSME Technology Centre.
It is also aimed at encouraging and supporting the local MSMEs by partnering with them for the production orders. The products resulting from this MoU will find application in various components, such as motor casings, missile wings, missile launcher structures and rocket motor boosters.
The collaboration will significantly enhance the manufacturing of essential components and subassemblies crucial for the development of equipment across defence, aerospace, and other industries. Commenting on the development, Jindal Stainless Managing Director Abhyuday Jindal, said, “Through this MoU, our aim is to deliver high-quality products to the defence and aerospace sectors with increased efficiency. Aligned with the government’s Atmanirbhar Bharat initiative, it will contribute towards reducing reliance on imports.
It also accords well with the government’s emphasis on fostering publicprivate partnerships to better serve the needs of the Indian armed forces.” Expressing his optimism, Head, MSME Technology Centre, Visakhapatnam, Mr Prasada Reddy G, said, “We take immense pride in collaborating with the pioneers of the stainless steel industry in India. Leveraging our skill development training and innovative in-house research capabilities combined with Jindal Stainless’ world-class material, we are confident that this strategic collaboration will yield unparalleled products for the defence and aerospace sectors.” The Memorandum of Understanding (MoU) was signed on the premises of the MSME Technology centre in the presence of Head, MSME Technology Centre, Visakhapatnam, Mr Prasada Reddy G, Jindal Stainless’ Head of Business Development for its strategic vertical, Jindal Defence and Aerospace, Col (Retd) Piyush Verma, Head of Sales and Marketing for the vertical, Mr Amit Goyal.