New Privatisation Policy: Are The Defence Ministry’s Concerns Justified?

Citing “national security”, the Defence Ministry wants to keep control of all state-owned firms dealing with defence production.

(Image: BloombergQuint)
(Image: BloombergQuint)
India’s Defence Ministry pushed back strongly against the country’s ambitious new privatisation policy, in “interest of national security”, show documents accessed by BloombergQuint.The push-back, supported by Defence Minister Rajnath Singh who is among the most senior in the Narendra Modi administration, came despite the sector being labelled as strategic under the new policy. Citing “national interest”, the ministry sought special ...
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