VISAKHAPATNAM: In a bid to strengthen India’s defence and aerospace manufacturing, Jindal Stainless on Saturday, inked an agreement with the MSME Technology Centre in Visakhapatnam for manufacturing value-added products for the missile and satellite launch vehicle segments. MSME Technology Centre is a premium skill development centre established through the Union Ministry of MSME under the auspices of World Bank.
The aim of the MoU is to capitalise 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 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 sub-assemblies crucial for the development of equipment across defence, aerospace, and other industries.
Jindal Stainless managing director Abhyuday Jindal said, “Through this MoU we aim to deliver high-quality products to the defence and aerospace sectors with increased efficiency. Aligned with the government’s Atma Nirbhar Bharat initiative, it will contribute towards reducing reliance on imports.” MSME Technology Centre head Prasada Reddy G said, “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 MoU was signed in the presence of Prasada Reddy, Head of business development of Jindal Defence and Aerospace Col (Retd) Piyush Verma, head of sales and marketing Amit Goyal.