Wednesday, April 24, 2024
Latest NewsPower & PropulsionMarine Jet Power Launches MJP India to Drive Local Manufacturing and Indigenization

Marine Jet Power Launches MJP India to Drive Local Manufacturing and Indigenization

Marine Jet Power (MJP), a global leader in the waterjet propulsion market proudly announces the establishment of MJP India, marking a significant milestone in MJP’s commitment to advancing indigenous manufacturing and indigenization efforts in the Indian defense sector.

“Embracing the fusion of innovation and technology, we proudly announce the establishment of Marine Jet Power in India,” remarked MPS Gill, Managing Director of MJP India. “This partnership stands as a testament to our deep-rooted commitment to India and our valued customers. It marks a significant milestone in our collective endeavor to propel the nation’s technological landscape forward, shaping the future of maritime and amphibious vehicle propulsion systems on Indian shores.”

With hundreds of MJP waterjet systems including PodJet systems for amphibious vehicles, already installed in India this strategic initiative aligns seamlessly with India’s ambitious “Make in India” initiative. The objective to achieve 53 percent local manufacturing and sourcing of components by 2026 underscores a commitment to boosting Indigenous Content (IC) and fostering skill development within the local workforce.

The phased manufacturing plan outlined in the agreement underscores a dedication to skill enhancement, offering local engineers and technicians opportunities to work with cutting-edge technology. Additionally, MJP commits to ensuring the reliability and availability of critical components for both current and future waterjet-enabled vessels and amphibious vehicle fleets.

During a recent visit to India, Jonas Tegström, CEO of Marine Jet Power, reaffirmed the company’s commitment to increasing indigenous content in waterjet systems during a meeting at the Indian Navy and Indian Coast Guard Headquarters in New Delhi. Tegström emphasized, “MJP is committed to ensuring a strong foundation for the future of the Indian defense sector. By focusing on indigenous manufacturing and skill development, this collaboration will strengthen the operational capabilities of the Indian Coast Guard.”

“This long-term commitment from MJP signifies a strategic investment aimed at supplying spare parts, waterjets, and PodJets not only to India but to the entire surrounding region. It will fortify our logistical chain, ensuring enhanced support for all our customers.” – Jonas Tegström, CEO, MJP Group

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