Raksha Udyog Ratnas (RUR)

(RUR) - 12 leading private sector companies:
Private sector companies engaged in the production of military hardware would no longer get the promised defence Raksha Udyog Ratnas (RUR) status.
In a move that has rendered the RUR redundant, the defence ministry announced the removal of the licence system, necessary for the production of military products. The move is expected to create a ‘level playing field’ between the privatedefence companies and the defence public sector units. The government had chosen around 12 players from its original list of over 40 applicants. According to industry sources, the 12 included,
1. Ashok Leyland
2. Bharat Forge
3. Bharat Heavy Electricals
4. Godrej and Boyce
5. HCL Technologies
6. Infosys Technologies,
7. Kirloskar
8. Larsen and Toubro
9. Mahindra and Mahindra
10. Tata Consultancy
11. Tata Motors and
12. Tata Power
However, the government decided to shelve an official announcement on the conferment of RUR status to 12 leading private sector companies. The defence acquisition council, headed by defence minister AK Antony, was to formally clear and make public their names. A move to give grant RUR status to 12 private sector companies would have made them eligible, along with blue chip defence PSUs, to receive technology transfer and part of expected defence off sets from foreign companies, as part of the deals which India would sign with other countries. It would also include a substantial government investment of up to 80% for design, development and manufacture of defence products, including fighter aircraft, tanks and warships. These companies would have also been treated on a par with defence public sector enterprises such as
Hindustan Aeronautics Ltd,
Bharat Electronics, Bharat Earth Movers Ltd,
Bharat Dynamics,
Goa Shipyard,
Mazagon Docks and the ordinance factories and they could bid for defence contracts. In May 2001, the government had permitted a 100% private participation in defence production, as also foreign direct investment of up to 26% of the host company’s equity. However, private firms could produce defence equipment only after obtaining a licence from the defence ministry. Now, under the new policy, the companies need only one licence.

Comments

dhara prawah said…
on many occasions i have seen people using ordinance factories in place of ordnance factories. if u r still confused go and see dictionary. ordnance factories are working in India since hundreds of years and still confusion is going on, this is pathetic to come across such mistakes, committed by many literate personalities. i hope the concerned people will take note of it.
September 17, 2009 at 6:23 AM
Anonymous said…
The private players if permitted and encouraged in lines with PSUs, Defence forces can reap much benefits in this field viz, Quicker adaptation of new technology, faster delivery, utilisation of available resources and capacity, cost effectiveness, ability to attract talent and last, but not the least, effective competitiveness.
January 21, 2014 at 7:23 AM
Post a Comment

Popular posts from this blog

7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table

Image
7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table Pay Fixation on Promotion/MACP Calculator as per 7th Pay Commission with Steps showing in Pay Matrix Table. Pay Fixation: One increment shall be given in the same level and placed equal or next higher amount in the promoted level. Increment: Promotion/MACP during the period from 2nd day of January to 1st day of July will be granted on 1st day of January. From 2nd day of July to 1st day of January will be granted on 1st day of July. In Matrix Table: Step 1: Locate Your Basic Pay in the Matrix Table Step 2: Grant of one increment in the same level Step 3: Locate the equal or next higher amount in the next promoted level Click to Check Your Pay Fixation on Promotion Calculators for CG Employees 7th Pay Commission Pay and Allowances  Calculator for CG Employees Click to read... 7th Pay Commission Pay and Arrears  Calculator for Defence Personnel Click to read... Defence
Read more

Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees

Image
Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees Check Your Revised Pension / Family Pension as on 1.7.2017 REVISED SCALES OF PAY:  The existing scales of pay are revised as specified below:-  DATE OF EFFECT: The revised scales of pay shall be deemed to have come into force with effect from 1st July 2017. The monetary benefit of the revised scales of pay shall be admissible from 1st April 2018. The increase in pay and allowances and pension on account of the revision of scales of pay shall be payable in cash with effect from 1st April 2018.  The revised scales of pay are linked to the cost of living situation represented by the index average of 276.9 points as on 1st July 2017 in the All India Average Consumer Price Index Numbers for Industrial Workers (General) (Base: 2001=100).  The revised pay scales are specific segments of Master scale of pay of Rs.17000-400-18600-450-20400-500-22400-550-24600-600-27000-650-29600-750-32600-850-36000-950-39800
Read more