PMO Reviews Progress with Pvt Sector

The PMO during interaction with Industry has asked MHA to address concerns related to issue of small arms licences.  MoD to take steps to boost the FDI in defence as a mere Rs 1.1 Crores FDI inflow over the last two years Private sector has also suggested to Identify about 15 large programmes under the "Make Category” so that 15-20% of the annual budget can be used to boost local manufacturing. In addition the MoD should to review 8-10 projects for local manufacturing in cases where trials have been completed but commercial negotiations are underway. Test and evaluation facilities in Govt domain be provided to Private sector at par with Govt Sector.

Source: http://timesofindia.indiatimes.com/business/india-business/With-just-Rs-1cr-defence-FDI-in-2-years-govt-steps-on-gas/articleshow/53311815.cms

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