Government abolished guidelines for JVs by Defence PSUs
Q. Government has abolished guidelines for establishing JVs by which category of PSUs?- Published on 28 Jul 16a. Defence
b. Pharma
c. Bank
d. Telecom
ANSWER: Defence
Government approved the abolition of existing guidelines for establishing joint venture companies by Defence PSUs to meet the goal of indigenous manufacturing.
- Department of Defence Production concluded that increasing participation in the defence sector and transformation in defence acquisition eco system have made separate JV guidelines for DPSUs no longer necessary.
- The abolition of the existing JV guidelines will provide a level playing field between DPSUs and private sector and permit Defence PSUs to establish partnerships in an innovative manner.
- There are currently 9 defence PSUs namely Mazgaon Dock Limited, Goa Shipyard Limited, Garden Reach Shipbuilders and Engineers Limited, Hindustan Shipyard Limited, Bharat Electronics Limited, Hindustan Aeronautics Limited, Bharat Earth Movers Limited, Bharat Dynamics Limited and Mishra Dhatu Nigam.