Just a moment...
We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
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 License granted during 2011 to May 2014. These include 16 proposals with proposed investment of ₹ 613 crores, cleared in recent Licensing Committee meeting chaired by Secretary, DIPP, held on 10.06.2015.
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 in Government for last several years.
The approved Licenses are for manufacture of various kinds of Arms and Ammunition such as Helicopters, Aircrafts, Radars, Bullet Proof Jackets, Bullet Proof Helmets, Ammunition Fired from Artillery, Tanks, Helicopters and Aircrafts, Rockets and Missiles, Filled Fuzes for Artillery Shells, Mortar Bombs, Missiles, Grenades, Vessels of War, Radar, Electronic War-fare Systems, Night Vision Devices, Guns, Howitzers, Mortars, Protected Tactical Vehicles, Guns, Howitzers, Mortars, Protected Tactical Vehicles, Armoured Vehicles, Armoured Personnel Carriers, Military fuses, UAVs etc.
Recently, Government had increased the initial validity period of Industrial License for Defence Sector to seven years from earlier three years, further extendable upto three years, in view of the long gestation period of defence contracts to mature. In addition to this, the Government has taken a series of measures to improve the Ease of Doing Business in India. The Government now expects that these measures will give a boost to the private participation in the vast opportunities available for defence manufacturing in India.
Defence manufacturing licensing expanded to accelerate private sector participation through streamlined clearances and extended licence validity. The Department of Industrial Policy & Promotion cleared multiple defence industrial licences-16 proposals in the 10 June 2015 Licensing Committee and 73 licences since June 2014-and approved manufacture of a broad range of military equipment and systems. The Government extended initial licence validity to seven years (with further extension possible) and implemented ease of doing business measures to encourage private sector participation and expansion of domestic defence manufacturing.Press 'Enter' after typing page number.