Def Production Secretary says more of private participation in indigenous projects

Defence Production Secretary K P Singh said here today there will be direct offsets in all defence deals, and more of private sector participation in all indigenous projects.

“The Government realises that if you engage the private sector, it requires a lot of money. The government will be a major partner in the private-public partnership.

Nearly 80 percent of the funding will be done by the government in developing any project involving private partnership.

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