MoD Signs Agreement to Procure Six Air Cushion Vehicles for Indian Coast Guard. MOUs and Agreement | Dated: 01 Nov 2024 On October 24, 2024, the Ministry of Defence (MoD) signed a Rs. 387.44 crore contract with Goa-based Chowgule & Company Private Limited for the procurement of six Air Cushion Vehicles (ACVs) for the Indian Coast Guard (ICG). 🎯 Key Highlights: - The contract is categorized under 'Buy (Indian)', emphasizing the focus on sourcing from Indian companies and encouraging domestic manufacturing. - The ACVs aim to enhance the Indian Coast Guard's (ICG) operational capacity. As a key agency for India's maritime and coastal security, the Coast Guard's capabilities will be strengthened with these multi-functional vehicles. 💡 Other Important Facts: (i) In alignment with the 'Aatmanirbhar Bharat' initiative aimed at self-reliance across sectors, these ACVs, also called Hovercrafts, will be entirely manufactured within India. (ii) This milestone marks a significant first for Air Cushion Vehicle production in India,representing a boost for the indigenous shipbuilding sector. (iii) ACVs hover over surfaces by creating a cushion of high-pressure air underneath, facilitating smooth travel across diverse terrains without direct surface contact. 📚 Test Your Knowledge: Recently, the Ministry of Defence (MoD) signed an agreement to procure how many Air Cushion Vehicles for the Indian Coast Guard? Correct Answer: Six 🚀 Quick Recap: About Indian Coast Guard (ICG) DG - Paramesh Sivamani Headquarters: New Delhi