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Defence PSUs can now sign JVs with pvt firms: Cabinet
The government on Thursday paved the way for defence public sector undertakings (PSUs) to go for joint ventures (JVs) or form consortia with private sector companies.
Last year, a policy to this effect was held back on allegations over Mazagon Dock’s deal with Pipavav Shipyard to build warships. The deal had hit a road block after two other bidders, ABG and L&T, had raised questions on the selection
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