New Delhi: The Union Cabinet has approved the much-awaited strategic partnership model which will allow local private sector companies to form manufacturing joint ventures with foreign defence equipment makers—a shot in the arm for the government’s ‘Make in India’ programme as well as efforts by …
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Defence Ministry approves policy to create vibrant defence manufacturing ecosystem with MSMEs
New Delhi: The Defence Ministry on May 20 broadly finalised a much-awaited policy under which select private firms will be roped in to build military platforms like submarines and fighter jets in India in partnership with foreign entities. Seen as a major initiative, the ‘strategic partners…
Momentum Jharkhand: Vedanta Resources promises Rs 5k cr investment with focus on SMEs
Keen to get a strong foothold in Jharkhand, Vedanta Resources Group Chairman Anil Agarwal on February 16, at the first , said he had “big plans” for the state. The initial foray will be with a $1-billion investment that includes setting up a one-million tonne steel plant, he added. Dubbing Jharkh…
Small food clusters on the anvil
After the Finance Minister Arun Jaitely in his Budget speech proposed 100 per cent foreign direct investment (FDI) in food processing sector, the Central government has begun working on to establish small food clusters. Union Minister for Food Processing Harsimrat Kaur has said that the governmen…