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News:
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The government had issued 73 industrial licences to the defence sector since June 2014, against 50 such licences granted between 2011 and May 2014.
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These include 16 proposals with a proposed investment of Rs.613 crore, cleared at a licensing committee meeting chaired by the secretary of the Department of Industrial Policy and Promotion (DIPP), a department under the ministry of commerce and industry.
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The proposals cleared at the meeting include applications from Pipavav Defence and Offshore Engineering Co. Ltd, Tata Group, Samtel Thales Avionics Ltd, Solar Industries India Ltd, Titagarh Wagons Ltd and Premier Explosives Ltd.
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The other licences cleared by the government are for manufacturing tanks, rockets, missiles, mortar shells, grenades, warships, radar, electronic warfare systems, night-vision devices, howitzers, armoured vehicles, armoured personnel carriers and unmanned aerial vehicles, among other defence equipment.
Source: ET
