&nbsp;Manufacturing of items of defence aerospace and warships will now be covered by Industries (Development and Regulation) Act and will not require any licence from the Commerce and Industry Ministry.&nbsp;<br />''<br />''A government notification issued yesterday said that the Department of Industrial Policy and Promotion (DIPP), under the ministry, has issued a notification clarifying the defence products' list requiring compulsory licence under Industries (Development &amp; Regulation) Act, 1951 (IDRA), and Arms Act, 1959 in consultation with Ministry of Home Affairs and Department of Defence Production.&nbsp;<br />''<br />''The department in a tweet said items of defence aerospace and warships now do not require licence under Arms Act. Such items shall now be covered by IDRA.&nbsp;<br />'' <br />''&nbsp;In May 2017, the DIPP was allowed to process applications for grant of licence for manufacture of defence items. Earlier, the home ministry was carrying out this exercise.<br />'' <br />''<span style="color: #222222;">The department, under the Commerce and Industry Ministry, is mainly responsible for formulation of policies with regard to promotion of foreign investment and manufacturing industries.</span><br />
News On AIR | January 2, 2019 8:01 AM
No need for license under Arms Act to manufacture defence aerospace and warships items, says Government.