Indigenization of spare parts for foreign-sourced equipment installed onboard ICG ships

New Delhi, 16 Feb 24:  In the pursuit of advancing the Defence Sector through the ‘Make in India’ initiative, the Indian Coast Guard (ICG) has persistently aimed at indigenisation of spares for foreign-origin equipment installed onboard ICG ships in partnership with OEMs. Over the past year, extensive discussions regarding propulsion systems have unfolded.

On February 14, 2024, Mr. Jonas Tegström, the CEO of Marine Jet Power (MJP) Sweden, visited the Indian Coast Guard Headquarters, New Delhi to reaffirm his company’s commitment to enhancing indigenous content in waterjet systems.

With over 100 Waterjet systems currently deployed in the ICG fleet, the agreement between MJP Sweden and MJP India is poised to significantly boost Indigenous Content (IC) and facilitate the skill development of local workforce. During the visit, he announced a “Trademark License for Manufacturing & Transfer of Technology Agreement for Marine Waterjets” between MJP Sweden and MJP India.

The CEO & MD of MJP India outlined plans for phased manufacturing of waterjets in India under the technological collaboration with MJP Sweden, aimed at progressively building the capacity and capability for complete waterjet production domestically. Furthermore, the firm aims to achieve up to                       53% local manufacturing and sourcing of spares & components by 2026.