In an interesting role reversal, the defence ministry — which has had to deal with controversies over defence agents operating in India — has warned its public sector units (PSUs) to be careful while hiring partners abroad, as focus shifts towards enhancing military exports.
A series of steps are being taken to put in a regulatory framework to simplify export of both lethal and non-lethal equipment, including measures to step up utilisation of lines of credit extended by India to friendly nations.Read More…
