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The government is to stop giving defence shipping contracts to state-run companies on so-called nomination basis, throwing them open to competitive bidding and allowing the private sector a crack at projects worth thousands of crores of rupees. This is in line with its policy of increasing the involvement of non-state companies in defence production as part of the Make in India campaign.
All future contracts for warships and other requirements of the Indian Navy will be awarded after competitive bidding, according to a policy framework approved by the Prime Minister’s Office.
Beneficiaries could include Reliance Defence, L&T Shipbuilding and others. “A decision to this effect was taken at a high-level meeting chaired by the principal secretary to the Prime Minister on May 25,” a senior government official said.
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