Centre to launch scheme to boost defence exports, says Official
Bloomberg Quint , Jun 18, 2019
To boost defence exports, the government will launch an Open General Export License scheme within a month, a senior Defence Ministry official said Monday.
Through the new licence, the industry will be able to access international market and make the products more competitive, Sanjay Jaju, Joint Secretary (Defence Infrastructure Panel) in the Ministry of Defence said at the Workshop for Defence Export Promotion organised by FICCI.
“We are working on launching the Open General Export License where the entire process of taking permission from the government will also be further reduced,” he said.
Jaju added that the production will become better qualitatively and also provide value for money for customers.
He stressed that Indian exporters should diversify the product line to be internationally competitive.
Rear Admiral Atul Khanna, Additional Director General Quality Assurance (Naval), DGQA, Ministry of Defence, said that the Indian defence industry is currently undergoing a tectonic phase.
“Demand side is moving much faster and the catch-up between demand and production is not happening. Given the policy-level changes happened over last five years, the next decade is going to turn the tides,” he added.