Thursday, November 13, 2014

Norms for Defence Sector firms eased

The licensee shall be allowed to sell defence items to government entities under the control of Ministry of Home Affairs, State Governments, PSUs and other valid defence licensed companies without prior approval of the Department of Defence Production (DoDP). The government has also decided to deregulate the annual capacity for production of defence items by industrial licensees with the condition that licensees shall submit half yearly production returns to the Department of Industrial Policy and Promotion and DoDP.

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