Jindal signs MoU with MSME Tech Centre for missile, satellite segment

Visakhapatnam: In a bid to strengthen India’s defence and aerospace manufacturing, Jindal Stainless on Saturday inked a deal 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 MoU aims 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 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 sub-assemblies crucial for the development of equipment across defence, aerospace, and other industries.

Commenting on the development, Managing Director, Jindal Stainless 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."E

Expressing his optimism, Head, MSME Technology Centre, Visakhapatnam, Prasada Reddy G, said “we take immense pride in collaborating with the pioneers of stainless steel industry in India.”