The Defence Ministry has decided to put on hold a joint venture (JV) between Mazagon Dock and Pipavav Defence and Offshore Ltd, saying it would wait till a policy on JVs is put in place by the govÂeÂrÂnÂment. Pipavav Defence had formed an equal JV with Mazagon Dock to build submarines and warships, making the private firm eligible to execute part of Mazagon's order book of $21.2 billion.
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Home » Mazagon Dock, Pipavav JV on hold
Mazagon Dock, Pipavav JV on hold
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October 1, 2011October 1, 2011
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