Streamlining the Procedure for Grant of Industrial Licences

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..... Streamlining the Procedure for Grant of Industrial Licences
News and Press Release
Dated:- 22-9-2015

The initial validity of Industrial License for Defence sector, as per Press Note 5 (2 .....

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..... 015 series), is presently seven years, further extendable upto 10 years. In partial modification of the above mentioned Press Note, the initial validity of Industrial License for Defence Sector is b .....

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..... eing revised to 15 years, further extendable upto 18 years for existing as well as future Licenses. However, in case a license has already expired, the Licensee has to apply afresh for issue of licens .....

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..... e. 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.
News - Press release - PIB .....

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