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of <h1>India Extends Defence Sector Industrial License Validity: Initial 7 Years Plus 3-Year Extension to Boost Business Ease.</h1> The Government of India has revised the validity period for Industrial Licenses in the Defence Sector. Previously set at an initial three years, extendable to seven years, the new policy extends the initial validity to seven years, with a possible extension of up to three additional years. This change applies to both current and future licenses and aims to enhance the ease of doing business, acknowledging the lengthy maturation period of Defence Contracts. The update is intended to streamline processes and support industry growth.
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