Defence public sector undertakings and shipyards have sounded the alarm over the lack of confirmed orders and under-utilisation of their production capacities, amidst the government touting its “Make in India” policy and setting an ambitious arms export target of $5 billion in the next five years.
At least six of the nine entities (five DPSUs and four shipyards) under the defence ministry, which are often justifiably criticised for huge cost and time slippages as well as shoddy production quality, have warned the bulk of their facilities and manpower are set to become idle over the next couple of years if they do not get firm orders soon. Read More…
