Rs 25,000 crore Navy's LPD tender only for private sector

[ApparentRaceTraitor]

I'm surprised PSU management and workers haven't been incited into a hartal with this news.

 

[bharatiy]

I'm surprised PSU management and workers haven't been incited into a hartal with this news.

Because they are busy with other projects . LPD contracts goes to private firm because PSU are used by government to manufacture heavily armed ships or subs ; am I right waiting for senior members opinion

 

[Tshering22]

I'm surprised PSU management and workers haven't been incited into a hartal with this news.

They don't want to test the new boss.

Doing hartal under a man who wants to indigenize the defence production & make India self reliant, would be an end to their career.

 

[sancho]

a man who wants to indigenize the defence production & make India self reliant

couldn't agree more!

Indian defence companies will gain access to a potential $100 billion market over the next 10 years, following a new policy that allows domestic firms to bid for large defence contracts, officials said on Friday.

India, one of the world's biggest arms importers, wants to increase the role of its private sector, which holds around 20 percent of the defence industry market but has the potential to grow significantly.

Under the new policy, the government will allow domestic companies to bid for key projects on their own.

Indian companies until the policy change were not invited by the government to bid for big government defence projects and were left to supplying locally made non-combative equipment for the defence forces.

With foreign countries reluctant to share advanced technology with India, the government wants to encourage private defence companies to enter the arms market, officials say.

"The field is now open for them to come and bid for any project along with the world's best. The government is giving them an opportunity to expand their capabilities," Sitanshu Kar, the defence ministry spokesman said.

Local companies are free to bid for projects involving tanks, artillery and aircrafts, Kar said.

"This move can also save costs and help us turn India into a major production hub in the near future," Kar said.

The new policy will provide more opportunities to Indian companies such as Tata Motors, Mahindra and Mahindra, Ashok Leyland and Larsen and Toubro, defence experts and officials said.

The current review is primarily focused on two essential areas of promoting and facilitating wide participation of defence industry and enabling transparency and integrity in all acquisitions," defence minister A.K. Antony said at a conference

India's new defence policy to open $100 bln market

 

[thesolar65]

They don't want to test the new boss.

Doing hartal under a man who wants to indigenize the defence production & make India self reliant, would be an end to their career.

In fact the efficient ones in the PSUs must be heaving a sigh of relief. Once the Private organizations get one or more big ticket contract, you will see high level attrition from the PSUs may be even from DRDO!!

 

[Tshering22]

In fact the efficient ones in the PSUs must be heaving a sigh of relief. Once the Private organizations get one or more big ticket contract, you will see high level attrition from the PSUs may be even from DRDO!!

DRDO already suffers from high attrition rates.