India opens Naval Shipbuilding to private players

The private shipyards will now get a fighting chance to bag Naval warships. Indian Defence Minister AK Antony has cautioning the PSUs to prepare for “more competition” from the private Indian entities. Under its new policies, the Ministry will stop nominating government-owned companies in the Naval contracts.He was speaking during a function to present Raksha Mantri’s Awards for Excellence for the Year 2008-09 to Ordinance Factories (OFs) and Defence Public Sector Undertakings (DPSUs).
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Source: Frontier India