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75 defence industrial licenses to private firms

IANS  |  New Delhi 

The government has issued 75 industrial licenses to private manufacturers in defence sector during the last financial year, was told on Friday.

"Seventy five Industrial Licenses have been issued in defence sector during the year 2015-16 to private defence equipment manufacturers with proposed investment of Rs 4,842 crore," Minister of State for Defence Subhash Bhamre informed the Lok Sabha in a written reply, adding 38 applications for licenses for manufacture of defence items were received from private companies during 2014-15.

Defence products list for industrial licensing excludes large numbers of parts and manufacturing procedures like forging etc. from the purview of industrial licensing, he said.

"Similarly, dual use items, having military as well as civilian applications (unless classified as defence item), will also not require Industrial License from defence angle," he added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 25 2016. 21:16 IST