CCI approves acquisition of Kenvue Inc. by Kimberly-Clark (See 'Corp Brief') CCI approves Adani Power to buy stake of GVK Energy (See 'Corp Brief') IBC - If transaction was builder-linked contractual arrangement rather than pure financial debt default, Section 7 IBC proceedings cannot be used in parallel with DRT recovery proceedings: SC (See 'Legal Desk') CCI approves acquisition of stake in Llyods Engineering by Thriveni Earthmovers (See 'Corp Brief') CCI approves acquisition by CPPIB India in Ctrl S Datacenters (See 'Corp Brief') Govt pushes India Post toward Corporate-Style Efficiency (See 'Corp Brief') IPR - Use of house mark does not by itself obviate infringement or passing off: HC (See 'Legal Desk') Present petro conservation intended towards long-run capacity building: RM (See 'Corp Brief') Atal Innovation Mission hosts AIM Sumvaad- Central India to strengthen regional incubators (See 'Corp Brief') FERA - Foreign judgment is unenforceable in India as it fell within exceptions u/s 13 CPC: SC (See 'Legal Desk') Forum of Regulators celebrates 21 Years of strengthening India's Power Sector (See 'Corp Brief') A&C - Once seat of arbitration is expressly designated by agreement of parties, that seat becomes juridical home of arbitration and operates akin to exclusive jurisdiction clause: SC (See 'Legal Desk') Supreme Court lays down scenarios for lifting of Doctrine of Corporate Veil (See 'CORP EINSICHTf') Fisheries Secy visits ornamental fish brood bank in Maharashtra (See 'Corp Brief') Company Law - For purpose of maintainability of petitions u/s 397 & 398, expression ‘member' is not to be confined only to formal entry in register of members u/s 41(2): SC (See 'Legal Desk') Over 3,500 Participants compete in AB PM-JAY Hackathon (See 'Corp Brief') Scindia, Fadnavis inaugurate renovated Andheri RS Post Office as Future-Ready Service Hub (See 'Corp Brief') IBC - While subsidiary companies are separate legal entities, corporate veil may be lifted if associated companies are inextricably connected so as to form one concern: SC (See 'Legal Desk')

Print

Raksha Mantri's Awards for Excellence - Private players now eligible for prize

Published: Jul 16, 2019

By TIOLCORPLAWS News Service

NEW DELHI, JULY 16, 2019: IN a major boost to the ‘Make in India' initiative in Defence and Aerospace sector, Raksha Mantri Mr Rajnath Singh accorded approval to allow Private Sector industry to compete with Ordnance Factories and Defence Public Sector Units (DPSUs) for the prestigious Raksha Mantri's Awards for Excellence. This is a significant departure from the past wherein only OFB Units and DPSUs competed only amongst each other for the Annual Raksha Mantri's Awards, and the Private Sector industry was not eligible for any national level award competition.

The revised format includes awards in Institutional and Individual/Team category for Excellence in Technological Breakthroughs, Indigenization/Import Substitution and Excellence in Exports. Separate sub-categories for Large, Medium, Small and Start-Up segments have been included to provide a level playing field for competition. The amount of Cash Award has also been significantly increased in case of Individual/Team Awards.

The nominations for awards would be invited on-line and a web portal would be developed for uploading and management of applications. The selection process would include assessment by an Expert Committee/Jury of eminent experts. A separate cell for handling all activities pertaining to Raksha Mantri's Awards would be opened under Director General of Quality Assurance (DGQA).

It is expected that this move would facilitate widening and deepening of Industrial base in Defence and Aerospace Sector by identifying ‘hidden gems' and wider recognition of outstanding Indian firms amongst national and international customers. It is also expected to provide a boost to export potential of Indian defence industry, especially for MSME and Start-Up firms, by publicising their outstanding achievements at the global level.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.