Shipyards owned by the Ministry of Defence (MoD) currently had an ‘order book’ of Rs 81,777 crore, Defence Minister Rajnath Singh informed the Parliamentary Consultative Committee that met in Mumbai today.
New Delhi, December 2
Shipyards owned by the Ministry of Defence (MoD) currently had an ‘order book’ of Rs 81,777 crore, Defence Minister Rajnath Singh informed the Parliamentary Consultative Committee that met in Mumbai today.
Rajnath said during the last financial year ending March 31, 2022, the value of production of the defence shipyards was Rs 8,925 crore while the profit after tax deduction stood at Rs 928 crore. The minister exuded confidence that the shipyards would soon not only meet the domestic requirements, but also earn export orders on a competitive basis. “Friendly countries have appreciated the quality of the products manufactured by these shipyards,” said MoD statement quoting Rajnath. The shipyards have been asked to increase procurement from the MSMEs to 25 per cent’
Indigenisation key
The government is encouraging indigenous manufacturing of weapons and products to minimise imports by defence PSUs
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Deeply biased: MEA on US report citing human rights violations in India
The annual report of the State Department highlights instanc...
Couldn't talk due to strictness of jail authorities: Amritpal's family after meeting him in jail
Their visit comes a day after Singh's legal counsel Rajdev S...
Centre grants 'Y' category security to Phillaur MLA Vikramjit Chaudhary and 2 other Punjab Congress rebels
The Central Reserve Police Force has been directed by the Mi...
First Sikh court opens in UK to deal with family disputes
According to ‘The Times’, the Sikh court was launched last w...
