Govt encourages defence equipment manufacturing. Details of India’s defence agreements signed with Russia over the past five years is as under:
It will ensure transparency and fair competition. The Government has finalized the policy on Strategic Partnerships in the Defence Sector to institutionalize a transparent, objective and functional mechanism to encourage broader participation of the private sector in manufacture of major defence platforms and equipment, such
199 projects to be done in 2016-2019. India’s Sagarmala program has identified an estimated 415 projects, an investment of approximately Rs.8 lakh crores, to be implemented between 2015 and 2035.
Program for potential merchants to go online. E-commerce company, Shopmatic has launched a month-long “Inspiring Entrepreneurship” program for merchants in India and Singapore.
Shipyard works on new repair facility-dry dock. The Cochin Shipyard Limited (CSL) has proposed initial public offer (IPO) for two major infrastructure expansion projects, investing Rs.970 crore and Rs.1,799 crore.