Joint Ventures – Entry Route to Indian Defence Industry

Joint Ventures – Entry Route to Indian Defence Industry General In the inaugural address at the DefExpo 2012, India’s Minister of State for Defence Dr. MM Pallam Raju announced that the Government would encourage Joint Ventures. The Minister also stated that the joint venture route was the most promising for partnerships for co development of products in the country. Dr Pallam Raju stated, “We are looking for partnerships and co-development arrangements and formation of Joint Ventures in the Critical Technology Areas”. The government has also issued guidelines for establishing joint venture companies by the Defence Public Sector Undertakings (DPSUs). The JV appears to be a continuation of the Defence Production Policy January 2011 which had opene...
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