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