Bhamre list out shipyard divestment

The government has approved 12 foreign investment proposals in defence sector since the launch of ‘Make in India’ programme in 25 September 2014.

Minister of State for Defence Ministry, Subhash Bhamre, said in a written reply Rajya Sabha on 5 March 2018.

These are:
M/s Punj Lloyd Limited.
M/s Idea Forge Technology Pvt. Ltd.
M/s Sasmos Het Technologies Ltd.
M/s Dynamatic Technologies Ltd.
M/s Mahindra Telephonic Integrated Systems Limited.
M/s Indian Rotorcraft Limited.
M/s BF Elbit Advanced Systems Pvt. Ltd.
M/s Safran Engineering Services India Pvt. Ltd.
M/s. Tata Sikorsky Aerospace Limited.
M/s. Quantum Simulators Pvt. Ltd.
M/s Ideaforge Technology Pvt. Ltd.
M/s Alpha-Elsec Defence and Aerospace Systems Pvt. Ltd.

The position of disinvestment in respect of Defence Public Secotr Unit (DPSUs) is as follows:

In BDL government has proposed to offer 12% shareholding through Initial Public Offering.

In BEML, government has given in principle approval of strategic disinvestment of 26% shareholding of BEML out of Government of India shareholding of 54.03% with transfer of management.

In HAL, the process of disinvestment of 10% Indian Government shareholding by way of offer of has started.

In BEL, during 2017-2018, the Government has sold 2,98,84,329 equity shares through Exchange Traded Fund(ETF) of market transaction.

The Government has also decided disinvestment through IPO for 17.5% in GRSE, 10% in MDL, 25% in MIDHANI out of Government shareholding of 100% and reservation of upto 5% of post issue shareholding to eligible employees of GRSE, MDL and MIDHANI. fii-news.com