Pol­icy on pri­vate part­ner­ships in de­fence fi­nalised

Governance Now - - PSU WATCH -

The gov­ern­ment has fi­nalised the pol­icy on strate­gic part­ner­ships in the de­fence sec­tor.

The pol­icy on strate­gic part­ner­ships is in­tended to bring in a trans­par­ent, ob­jec­tive and func­tional mech­a­nism to en­cour­age broader par­tic­i­pa­tion of the pri­vate sec­tor, in ad­di­tion to de­fence pub­lic sec­tor un­der­tak­ings (dp­sus), to man­u­fac­ture air­craft, sub­marines, he­li­copters and ar­moured ve­hi­cles.

it is ex­pected that the pol­icy will en­hance com­pe­ti­tion, in­crease ef­fi­cien­cies, fa­cil­i­tate faster and more sig­nif­i­cant ab­sorp­tion of tech­nol­ogy, cre­ate a tiered in­dus­trial ecosys­tem, en­sure de­vel­op­ment of a wider skill base, trig­ger in­no­va­tion, pro­mote par­tic­i­pa­tion in global value chains as well as ex­ports, lead­ing to re­duc­tion in de­pen­dence on im­ports and greater sel­f­re­liance and de­pend­abil­ity of sup­plies es­sen­tial to meet na­tional se­cu­rity ob­jec­tives.

Trans­parency and fair com­pe­ti­tion will be en­sured through rig­or­ous im­ple­men­ta­tion of the pro­cesses as con­tained in the ex­tant de­fence pro­cure­ment pro­ce­dures.

min­is­ter of state for de­fence sub­hash Bhamre gave this in­for­ma­tion in

ra­jya sabha.

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