The Indian government has issued 73 licences for the manufacture of defence hardware by Indian private firms during the last 12 months.
The validity of these licences is 7 years which can be extended for a further three years, the Department of Industrial Policy & Promotion said in a statement.
The proposals cleared in last Licensing Committee meeting included applications from major players like Pipavav, Tatas, Samtel Thales, Solar Industries, Titagarh, Wagons, Premier Explosives etc. Many of these proposals were pending in Government for last several years.
The approved Licenses are for manufacture of various kinds of Arms and Ammunition such as Helicopters, Aircrafts, Radars, Bullet Proof Jackets, Bullet Proof Helmets, Ammunition Fired from Artillery, Tanks, Helicopters and Aircrafts, Rockets and Missiles, Filled Fuzes for Artillery Shells, Mortar Bombs, Missiles, Grenades, Vessels of War, Radar, Electronic War-fare Systems, Night Vision Devices, Guns, Howitzers, Mortars, Protected Tactical Vehicles, Guns, Howitzers, Mortars, Protected Tactical Vehicles, Armoured Vehicles, Armoured Personnel Carriers, Military fuses, UAVs etc.
Recently, the government had increased the initial validity period of Industrial License for Defence Sector to seven years from earlier three years, further extendable upto three years, in view of the long gestation period of defence contracts to mature.
In addition to this, the Government has taken a series of measures to improve the Ease of Doing Business in India. The Government now expects that these measures will give a boost to the private participation in the vast opportunities available for defence manufacturing in India.