MANU/INDP/0026/2015
Ministry : Ministry of Commerce and Industry
Department/Board : Industrial Policy and Promotion
Press Note No. : 10(2015 series)
Date : 22.09.2015
Notification/ Circulars Referred : Press Note 5 (2015 series) MANU/INDP/0009/2015
Citing Reference:
Press Note 5 (2015 series) MANU/INDP/0009/2015 Referred
Streamlining the Procedure for Grant of Industrial Licenses
The initial validity of Industrial License for Defence Sector, as per Press Note 5 (2015 series), is presently seven years, further extendable up to 10 years.
2. In partial modification of the above mentioned Press Note, the initial validity of Industrial License for Defence Sector is being revised to 15 years, further extendable up to 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 license. 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.
[File No. 9(8)/2014-IL(IP)]
(Shubhra Singh)
Joint Secretary to the Government of India