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Big Push to Private Participation in Defence Manufacturing Government Provides Level Playing Field with Defence PSUs

Dated:- 1-6-2015 - Defence manufacturing is one of the key sectors among the 25 sectors identified under the Make in India campaign launched by the Government of India. A number of initiatives have been taken by the new Government to incentivise private sector, including foreign OEMs to engage in the Defence and Civil Aerospace sector. A series of consultations have been held across Ministries / Departments under the mentoring of PMO to enable simplification of rules and procedures to promote pr .....

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ed and supplied to Ministry of Defence by Ordinance Factory Board and Defence PSUs vide Notifications No. 23/2015-Central Excise and No. 29/2015-Customs dated 30.04.2015. This will provide a level playing field to Domestic Private Players bidding for the Government contracts by taking away the strategic advantage with PSUs for quoting lower rates in open bids. With this initiative, the Government has also fulfilled demand of foreign Original Equipment Manufacturers (OEMs) such as Boeing, Airbus, .....

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