Strategic partnership model for defence manufacturing gets cabinet approval1 min read . Updated: 24 May 2017, 10:05 PM IST
The strategic partnership model allows for joint ventures of local and foreign firms for defence manufacturing in India, a push for Narendra Modi's Make in India drive
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 the Indian private sector to make inroads into the lucrative defence equipment business.
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