January 2016 Global Defence & Security Industry - Military - Army News
 
 
 
 

Indian Defence Ministry's move to fund weapons development with private companies
 
Indian Defence Ministrys move to fund weapons development with private companies 640 001
NEW DELHI: The defence ministry's move to fund 90 per cent of the developmental cost of select new weapon systems by the private sector, with a guaranteed return of the remaining 10 per cent invested by the entity has found favour across the industry as well as its plans to reserve smaller contracts for MSMEs.
 

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