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of <h1>Industrial Licenses for Defence Sector now valid for 7 years, extendable by 3 years, per Press Notes 5 & 9 (2014).</h1> The initial validity of Industrial Licenses for the Defence Sector has been revised from three years to seven years, with a possible extension of up to three additional years. This change applies to both existing and future licenses and aims to enhance the ease of doing business, considering the lengthy development period of defense contracts. This adjustment modifies the provisions outlined in Press Note 5 and Press Note 9 of the 2014 series.
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