Govt further eases norms for entry into defence production
9 July 2014 12:58 AM GMT
The government on Wednesday further eased the process of obtaining an industrial licence for defence production activities by doing away with the requirement of submission of an affidavit with regard to safety and security procedures.
‘It has been decided that the applicants for Industrial License for Defence Products would not be required to submit an affidavit,’ the Commerce and Industry Ministry said in a statement.
The decision would help private sector companies involve in defence manufacturing.
The licences for defence sector were being issued on the basis of an affidavit from applicants that they would put in place adequate safety and security procedures. Through the affidavit, an applicant was also required to comply with the recommendations of the Ministry of Defence regarding appropriate security and auditing procedures as well as its supply chain depending upon the threat perception and sensitivity of the products to be manufactured for defence forces before commencing production of the licensed items, it said.
‘It has been decided that the applicants for Industrial License for Defence Products would not be required to submit an affidavit,’ the Commerce and Industry Ministry said in a statement.
The decision would help private sector companies involve in defence manufacturing.
The licences for defence sector were being issued on the basis of an affidavit from applicants that they would put in place adequate safety and security procedures. Through the affidavit, an applicant was also required to comply with the recommendations of the Ministry of Defence regarding appropriate security and auditing procedures as well as its supply chain depending upon the threat perception and sensitivity of the products to be manufactured for defence forces before commencing production of the licensed items, it said.
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