Further boost to defence manufacturing, DIPP clears defence licenses worth Rs 613 cr
Source: PIB, Government of India The Department of Industrial Policy & Promotion (DIPP) has been in the vanguard for undertaking major reforms to promote defence manufacturing under 'Make in India' initiative. Continuing with the momentum created, it has so far issued 73 industrial licenses in defence sector during last one year (since June 2014), against 50 licenses granted during 2011 to May 2014. These include 16 proposals with proposed investment of Rs. 613 crores, cleared in recent Licensing Committee meeting chaired by Secretary, DIPP, held on June 10, 2015. 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 ...
