Presentation - Make in India: Defence Manufacturing

Defence manufacturing policy boosts FDI limits, streamlines industrial licensing, and prioritises indigenous procurement and state incentives. The presentation outlines a Make in India policy package for defence manufacturing combining higher FDI limits (26% to 49% automatic; CCS approval above 49% for state-of-art technology), procurement preferences for indigenous sourcing (Buy (Indian) and Buy and Make (Indian)), relaxation of offset obligations, and streamlined industrial licensing (online applications, reduced waiting periods, extended validity, removal of annual capacity limits). It also treats MRO as services, withdraws certain duty exemptions for defence PSUs to level the field, and details state-level fiscal incentives to promote large defence manufacturing projects and exports.