The Union Cabinet of India on 9 February 2012 approved Defence Ministry guidelines for its public sector units (PSUs) to establish joint ventures( JV) with private firms to increase opportunities to obtain advanced technologies from foreign sources. The decision was taken in a Cabinet meeting held in New Delhi under the Chairmanship of Prime Minister Manmohan Singh.
It is expected that the guidelines will foster better and deeper partnerships between the DPSUs and private partners, in order that substantive self-reliance is adequately achieved in the synergised environment.
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