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Meet targets, Antony tells defence companies
NEW DELHI: Defence Minister A.K. Antony has pulled up Government-owned defence companies, telling them that they should meet their targets and not take Government bailouts for granted. The Minister also had some tough words for the Defence Research and Development Organisation (DRDO), which had taken on too many projects and is now being subjected to an audit by independent experts.
The defence public sector undertakings (DPSUs) and DRDO would have "accountability and transparency" forced on them. "I am not satisfied with the working of some of the DPSUs. You cannot take Government bailouts for granted if you continue to not meet targets and obligations," the Defence Minister said at a gathering of chiefs of DPSUs here on Wednesday.
As for the DRDO, facing time and cost overruns in most cutting-edge projects, he told it to hive-off projects of a lesser nature to private and public sector companies and focus on hi-tech R&D of strategic importance. Not only has the Government decided to review and audit DRDO's functioning, its board would include Council of Scientific and Industrial Research and Indian Space Research Organisation representatives to ensure in-house failings and over-ambitious projects were promptly identified and not allowed to fester.
http://www.hindu.com/2007/02/15/stories/2007021506141200.htm
NEW DELHI: Defence Minister A.K. Antony has pulled up Government-owned defence companies, telling them that they should meet their targets and not take Government bailouts for granted. The Minister also had some tough words for the Defence Research and Development Organisation (DRDO), which had taken on too many projects and is now being subjected to an audit by independent experts.
The defence public sector undertakings (DPSUs) and DRDO would have "accountability and transparency" forced on them. "I am not satisfied with the working of some of the DPSUs. You cannot take Government bailouts for granted if you continue to not meet targets and obligations," the Defence Minister said at a gathering of chiefs of DPSUs here on Wednesday.
As for the DRDO, facing time and cost overruns in most cutting-edge projects, he told it to hive-off projects of a lesser nature to private and public sector companies and focus on hi-tech R&D of strategic importance. Not only has the Government decided to review and audit DRDO's functioning, its board would include Council of Scientific and Industrial Research and Indian Space Research Organisation representatives to ensure in-house failings and over-ambitious projects were promptly identified and not allowed to fester.
http://www.hindu.com/2007/02/15/stories/2007021506141200.htm