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CCI Business Bulletin 27/05/2017 – 02/06/2017
Saturday Jun 3, 2017

GoI OKAYS PARTNERSHIP MODEL FOR DEFENCE SECTOR

The Government of India (‘GoI’) has approved strategic partnership model for Defence manufacturing in India. Private companies can now make submarines, fighter aircraft, helicopters and armored carriers/main battle tanks through joint ventures with their foreign counterparts. The new policy will not only boost the government’s `Make in India’ programme but also augment the private sector’s presence in the defence equipment market.

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