DIPP Secy authorised to issue licences to pvt players for mfg defence items
The Dollar Business Bureau A gazette notification issued by India’s Home Ministry on Saturday, says that the Secretary in the Department of Industrial Policy and Promotion (DIPP) can now issue licences to private players for manufacturing defence items. Private sector players can now apply to the commerce ministry for licences to take up the manufacture of tanks, fighter planes, warships and other defence equipment. This is a step the government feels will promote ease of doing business and give impetus to the 'Make In India' initiative. However, the licences will be issued only after the Home Ministry supervises the contenders to the license. The power of issuing licences was exclusively with the home ministry earlier. The decision has been taken ...
SAARC eyes India as major source of engineering products
The Dollar Business Bureau Around 54 European firms from the UK (15) and Germany are said to be building their networks with their Indian counterparts at the IESS SAARC region seems to be increasingly looking at India for meeting its engineering product requirements, said an engineering exports body. Various engineering firms from the SAARC countries present at the India Engineering Sourcing Show (IESS) 2015 - the flagship event of the Engineering Export Promotion Council (EEPC) and the Commerce Ministry – are looking at India as a major source of engineering products including those relating to high technology such as aircraft parts, automobile, and energy saving devices, EEPC said in a release. Speaking at the inaugural session, Ravi Capoor, Joint Secretary ...
