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Separate Guidelines for establishing Joint Venture Companies by Defence PSUs Abolished

Separate Guidelines for establishing Joint Venture Companies by Defence PSUs Abolished The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved abolition of existing "Guidelines for establishing Joint Venture Companies by Defence Public Sector Undertakings (DPSUs)". These guidelines which were notified in February, 2012 will not be required for separate JV by the DPSUs. The Guidelines issued by the Department of Public Enterprises (DPE) and Ministry of Finance (MoF) from time to time, which are uniformly applicable to all Central Public Sector Enterprises (CPSEs) will be applicable for the DPSUs to set up JV companies now. This will meet the goal of indigenization / self-reliance in this sector. The abolition of the existing JV Guidelines will provide a level playi...
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