India Deregulates Annual Capacity

By Arming India Correspondent

NEW DELHI: India has decided to deregulate the annual capacity for defense items for industrial license, apart from allowing selling of defense items to government entities.

The Department of Industrial Policy and Promotion (DIPP) issued a note in this regard on October 20, 2014, as part of its efforts to streamline the procedure for grant of industrial licenses.

"However, the licensee should submit half-yearly production return to the DIPP and the Department of Defense Production (DoDP) in a prescribed format, which would be notified separately," it said.

The note, issued by Indian government's Joint Secretary Shubhra Singh from the DIPP, also said the licensee would be allowed to  sell defense items to entities under the Ministry of Home Affairs, state governments, public sector undertakings and other valid defense licensed companies without prior approval of the DoDP.

"However, for sale of the items to any other entity, the licensee shall take prior permission from the DoDP," it said.

"As a measure of ease of doing business, henceforth two extension of two years each in the initial validity of three years of the industrial license shall be allowed up to seven years," it added in super-session of a July 2, 2014 order.


 



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