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Govt to clear policy on private role in defence production soon

Govt to clear policy on private role in defence production soon

The government is now getting set to clear the much-awaited “strategic partnership” (SP) policy to boost the private sector’s role in defence production

Defence production: Cloud hangs over SP model as a part of private sector pushes for ‘grandfather rights’

Defence production: Cloud hangs over SP model as a part of private sector pushes for ‘grandfather rights’

Uncertainty continues over the strategic partnership (SP) model for defence production as a section of the domestic private-sector companies has pushed for grandparent rights to have access for the next 50 years to their chosen segments without competition.

Government holds extensive talks with Indian Industry, likely to soon announce SP policy for defence production

Government holds extensive talks with Indian Industry, likely to soon announce SP policy for defence production

Defence Minister Arun Jaitley on Thursday held detailed discussions with representatives of the Indian defence industry over the soon to be notified — the strategic partnership policy model for private sector participation in production of critical military platforms like fighter jets, helicopters, Main Battle tanks and submarines in India.

All Eyes Set On Jaitley’s Policy on Strategic Partnerships For Private Sector Participation In Defence Production

All Eyes Set On Jaitley’s Policy on Strategic Partnerships For Private Sector Participation In Defence Production

Finalisation of Strategic Partnership (SP) Policy model for defence production is one initiative that Defence Minister Arun Jaitley will want to add to the list of achievements in defence sector currently being readied by his ministry on the completion of three year’s of Modi government in power.

Ordnance Factory Board aims to create self-suffiency in defence production

Ordnance Factory Board aims to create self-suffiency in defence production

Ordnance Factory Board (OFB) has drawn up plans to make India self-sufficient in production of arms and ammunition with the twin objectives of reducing imports and meeting nation’s requirements.

Govt Issued 75 Industrial Licences to 56 Firms in 2015-16 For Defence Production

Govt Issued 75 Industrial Licences to 56 Firms in 2015-16 For Defence Production

The total procurement for three services (Army, Navy and Air Force) for year 2014-15 was Rs. 78753.85 Crores, out of which the procurement from indigenous sources was Rs. 49531.55 Crores. The value of production of Defence Public Sector Undertakings (DPSUs) and Ordnance Factories in the same year was Rs. 46936 Crores. Since the opening of […]

49% FDI cap in defence may go. Govt set to announce new guidelines for higher FDI in defence production

The Ministry of Defence will soon come out with a new set of guidelines and norms that will work as Standard-Operating-Procedures (SOP’s) for foreign companies seeking higher ownership beyond the existing 49% foreign direct investment (FDI) that is currently allowed in defence production.