In a move to advance the Defence Sector under the ‘Make in India’ initiative, the Indian Coast Guard (ICG) engaged in discussions with Swedish marine engine manufacturer Marine Jet Power (MJP). The ICG has been consistently working towards indigenising spares for foreign-origin equipment installed on ICG ships in collaboration with Original Equipment Manufacturers (OEMs).
Extensive deliberations on propulsion systems have taken place over the past year. On February 14, 2024, Jonas Tegstrom, CEO of Marine Jet Power (MJP) Sweden, visited the Indian Coast Guard Headquarters in New Delhi to reaffirm his company’s commitment to increasing indigenous content in waterjet systems.
With over 100 Waterjet systems currently in use in the ICG fleet, the agreement between MJP Sweden and MJP India is expected to significantly enhance Indigenous Content (IC) and promote the skill development of the local workforce.
During the visit, a “Trademark License for Manufacturing & Transfer of Technology Agreement for Marine Waterjets” was announced between MJP Sweden and MJP India. The CEO and MD of MJP India outlined plans for phased manufacturing of waterjets in India under the technological collaboration with MJP Sweden, aiming to gradually build the capacity and capability for complete waterjet production domestically.
Moreover, the company aims to achieve up to 53 per cent local manufacturing and sourcing of spares & components by 2026.