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No question of weakening defence PSUs: Rajnath Singh

  SDefence Minister Rajnath Singh today informed the Rajya Sabha that there was no question of weakening of the state-owned companies operating in the defence sector, as over 80 per cent of procurement order goes to them and the government has been taking several steps to strengthen them with equity support and clearing liabilities.
Replying to a supplementary question in the House, the Defence Minister said, “Our government is strengthening all DPSUs (Defence Public Sector Undertakings) with equity support. We are also clearing their committed liabilities so that our DPSUs do not weaken in any manner.”
Noting that high level of orders is being placed with them, Singh said, “As per my knowledge, about 80 per cent orders are given to DPSUs even today. There is no question of weakening the DPSUs.”
Noting that the defence sector is driven by high-end technology and innovation, Minister of State (MoS) for Defence Ajay Bhat said production orders were given to DPSUs too, even as FDI has been allowed in areas where the country does not have expertise and capacity.
“The government is taking steps to make the country self-reliant in the defence sector and with this in mind only the government has split the Ordnance Factory Board into seven new public sector units,” he said.
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