Defence Ministry tells PSUs to verify overseas partners


In an interesting role reversal, the defence ministry — which has had to deal with controversies over defence agents operating in India — has warned its public sector units (PSUs) to be careful while hiring partners abroad, as focus shifts towards enhancing military exports.

A series of steps are being taken to put in a regulatory framework to simplify export of both lethal and non-lethal equipment, including measures to step up utilisation of lines of credit extended by India to friendly nations.

Given India’s target — Rs 35,000 crore exports annually by 2025 from the Rs 4,000 odd crore at present— the ministry is looking at safeguards to ensure unethical practices are not used abroad while promoting arms sales.

In an advisory to all PSUs earlier this month, the ministry stressed on taking utmost care in appointing agents and channel partners overseas, emphasising adherence to guidelines of the Central Vigilance Commission.   Read More

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