Wednesday, 6 July 2016

Reliance Defence gets Reserve Bank nod to exit CDR

NEW DELHI: Batting for more involvement of the private sector in indigenous developmental efforts, defence minister Manohar Parrikar has told India's premier defence research organisation to ensure a partner from the industry in all projects where 'sufficient' orders are expected from the forces. The minister said that government-owned production agencies like Bharat Dynamics and Bharat ElectronicsBSE 0.15 % need to learn to compete with the private sector and that a joint effort is required to  ..

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