Secretary, Department of Defence Production, MoD, Dr. Ajay Kumar announced creation of a dedicated defence & aerospace SME fund, registered with SEBI where minority stake could be taken by investors. This fund would help channelize investments into the two defence corridors announced by the Government in Tamil Nadu & Uttar Pradesh
Dr. Ajay Kumar shared the Government’s thought process on major reforms in the offset policy. He said that the OEMs and the Government were both dissatisfied with the earlier policy and the MoD wishes to indulge in a larger dialogue with all stakeholders.
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