The two companies have signed an MOU, which covers an investment by Saab of approximately MSEK 250 through a suitable structure, according to a statement.
The new regional headquarters will help protect the environment and safety of life and property in the exclusive economic zone of India extending up to 200 nautical miles from coastal states in the Northeastern region, according to the Parliamentary Standing Committee report on the Coast Guard Organization.
According to naval sources, pirates were attempting to hijack the Panama-flagged MV (Merchant Vessel) Full City, owned and crewed by Chinese nationals, 40 nautical miles (over 830 kilometers) west of the Indian Naval base of Karwar.
Almost two years after the 26/11 terrorist attacks on Mumbai, Swedish defense company Saab has won a contract to supply a coastal surveillance system for the entire 7400-kilometer long Indian coast.
The exercise, called Neptune-II, was conducted for the second time and saw participation from the Indian Army and Indian Air Force (IAF) in addition to other agencies involved in coastal security.
So the 33rd Coast Guard Day Press Conference will no longer be graced by the Defense Minister AK Antony.
The Indian Navy says it has increased surveillance patrols, joint coastal security exercises and operations and training of personnel.
There are more than fifteen good reasons for the confusion that has been India’s maritime security structure. In addition to the Navy and the Coast Guard, that is the number of departments that have a role to play in maritime security and virtually no two agencies, except for the Navy and Coast Guard actually actively coordinate with each other.