NEW DELHI: The Defence Acquisition Council today discussed the much-awaited ‘strategic partnership model’ under which select private firms would manufacture fighter jets, helicopters and submarines in India in partnership with foreign companies.
Defence Ministry sources said the Defence Acquisition Council (DAC), chaired by Defence Minister Arun Jaitley, made “forward movement” towards finalising the ‘strategic partnership (SP) model’, covering “substantial ground”.
Under SP model, select Indian defence firms will be allowed to exclusively build various military platforms for a specified period of time in partnership with chosen foreign entities.
The sources termed the outcome of the deliberations “positive”. (AGENCIES)
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