Tribune News Service
New Delhi, January 30
Defence Minister Manohar Parrikar today reiterated that major changes will be made in the Defence Procurement Procedure and the Defence Production Policy which will aid in diversification and expansion of public sector companies owned by the Ministry of Defence (MoD).
Addressing the Consultative Committee attached to his Ministry, Parrikar said this would provide greater autonomy to the Defence Public Sector Undertakings (DPSUs) and Ordnance Factory Board (OFB) units for their expansion and diversification. The committee has members from both Houses of Parliament.
Parrikar had, in the past, announced that PSUs will be given more tasks and will be asked to do more. At present, the PSUs do only work within one segment. One of the key ideas is to expand a giant like the Hindustan Aeronautics Limited (HAL) and task it for increasing capacity to produce more helicopters.
The three services – The Army, the IAF and the Navy – collectively need some 1,000 helicopters over the next 10 years and HAL has a capacity to make only 20 per annum.
Most Read In 24 Hours
Don't Miss
View All
Top News
Lok Sabha election: After women wrestlers' protests, BJP drops 6-time MP Brij Bhushan Singh from UP’s Kaiserganj; fields his son
UP minister and Legislative Council Member Dinesh Pratap Sin...
India lodges protest with Beijing over its infra development in Shaksgam valley; rejects China-Pakistan boundary pact
Shaksgam valley is a strategically key region that is part o...
Prajwal Revanna’s ex-driver releasing video statement on sex scandal leads to row in Karnataka
33-year-old Prajwal Revanna is the son of former PM H D Deve...
L-G Saxena okays sacking of 223 Delhi Commission for Women employees hired ‘without due procedure’
Former DCW chief and AAP Rajya Sabha MP Swati Maliwal slams ...
Lok Sabha Election: TMC leader files RTI seeking absolute number of voter turnout in first 2 phases
Gokhale, a Rajya Sabha MP from TMC, has in the plea asked EC...
