The Centre issued a notification to simplify the process for the approval of manufacturing of a range of defence and aerospace equipment and components by private industry. This will bring the industries under the licensing authority of the Department of Industrial Policy and Promotion (DIPP) which is under the Ministry of Commerce and Industry. The items are listed in three categories: defence aircraft, warships of all kinds, and allied items of defence equipment. Associated Chambers of Commerce and Industry of India (ASSOCHAM) said that the most significant aspect is that warships of all kinds, surface and sub-surface, have been included in the listing. It would accrue benefits towards Tier-I/Tier-II vendors giving a boost to the small and medium enterprises (SMEs). This move is also expected to help foreign Original Equipment Manufacturers (OEM) looking for partnerships with the private sector.
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