Kolkata-based Garden Reach Shipbuilders & Engineers Ltd (GRSE) stands on the cusp of a defining institutional upgrade. ET has reported the Department of Public Enterprises has cleared a proposal to grant Navratna status to the state-run defence shipyard. The proposal, moved last month by the Department of Defence Production under the defence ministry, was examined by an inter-ministerial committee before being cleared by the DPE. “The proposal has now been cleared from our end and will be placed before an apex committee for final approval,” a senior official told ET, requesting anonymity.
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