Govt. Announces Creation Of A Dedicated Defence & Aerospace SME Fund


Secretary, Department of Defence Production, MoD, Dr. Ajay Kumar today announced creation of a dedicated defence & aerospace SME fund, registered with SEBI where minority stake could be taken by investors. This fund would help channelize investments into the two defence corridors announced by the Government in Tamil Nadu & Uttar Pradesh.

Dr. Ajay Kumar shared the Government’s thought process on major reforms in the offset policy. He said that the OEMs and the Government were both dissatisfied with the earlier policy and the MoD wishes to indulge in a larger dialogue with all stakeholders.

Dr. Kumar highlighted that the new paradigm would focus on three principles – investment in defence infrastructure like Government identified PSU/ quasi-PSU projects, providing higher incentives for transfer of ‘Know Why’ and targeted offset discharge. He added “Investments into testing infrastructure, training facilities and test beds would attract higher value of multiplier”. Read More…

You may also read!

New Border Management System To Lessen Foot Patrol: BSF

The BSF on Monday said the installation of comprehensive integrated border management system (CIBMS) will give major relief to

Read More...

China Bulldozes Into India-Maldives Relations

The China-Maldives Friendship Bridge in Maldives was recently dedicated to public with a massive opening ceremony. The bridge has

Read More...

Uttarakhand Cops Arrest Two For Chatting About Killing Defence Minister

Uttarakhand Police has arrested two persons for chatting about allegedly killing Defence Minister Nirmala Sitharaman on WhatsApp, apparently in

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu