Streamlining the Procedure for Grant of Industrial Licenses

The initial validity of Industrial License for Defence Sector, as per Press Note 5 (2014 series) and Press Note 9 (2014 series), is presently three years, extendable upto seven years.

 In partial modification of the above mentioned Press Notes, the initial validity of Industrial License for Defence Sector is being revised to seven years, further extendable uptothree years for existing as well as future Licenses. This is being done as a measure to further promote ease of doing business, in view of the long gestation period of Defence Contracts to mature.