De­fence Min­is­ter urges de­fence PSUs “to be more dy­namic”

Vayu Aerospace and Defence - - Aviation & Defence Inindia -

De­fence Min­is­ter Nir­mala Sitharaman has un­der­lined the need for re­vi­tal­is­ing de­fence PSUs and ord­nance fac­to­ries for meet­ing the re­quire­ments of In­dia’s de­fence forces. “The man­age­ment of these or­gan­i­sa­tions need to be ahead of the curve and show dy­namism as they pos­sess im­mense and valu­able as­sets that could of­fer man­u­fac­tur­ers huge pro­duc­tion op­por­tu­ni­ties,” she said. The gov­ern­ment is also en­cour­ag­ing pri­vate in­vest­ment in de­fence pro­duc­tion, in­clud­ing lib­er­al­i­sa­tion of for­eign di­rect in­vest­ment and also pro­poses to bring out an in­dus­try-friendly De­fence Pro­duc­tion Pol­icy 2018 to pro­mote do­mes­tic pro­duc­tion by pub­lic sec­tor, the pri­vate sec­tor and MSMEs. She said that the De­fence Min­istry was en­cour­aged by the quan­tum of out­sourced com­po­nents in de­fence man­u­fac­tur­ing which had risen to 29% in FY 2016-17.

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