The Indian government has eased defence industrial licencing requirements in a move intended to benefit local small- and medium-sized enterprises (SMEs).
In a revised list of defence items published by the Ministry of Commerce and Industry earlier in January the government has removed a requirement for local companies to require licences to produce a range of defence parts, components, and subsystems.
The new licencing rules are effective from 2019 and replace requirements published in 2014.
The 2019 rules outline licencing requirements for “defence aircraft”, “warships of all kinds”, allied electronic and armoured equipment, tanks and armoured vehicles, and arms and ammunition.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes