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Institutes set up for defence products manufacturing- (Press Information Bureau) (23 Mar 2020)

MANU/PIBU/0818/2020

Civil

One approval for 100% FDI inflow has been given by till date. Government has issued 464 licenses till February, 2020 for manufacture of a wide range of defence items to Indian companies, out of which a total of 238 licenses have been issued since the launch of the 'Make in India'. Inter-Governmental Agreement (IGA) on "Mutual Cooperation in Joint Manufacturing of Spares, components, Aggregates and other material related to Russian/Soviet origin Arms and Defence Equipment" was signed during the 20th India-Russia Bilateral Summit held at Vladivostok on 04.09.2019. Presently, 28 MoUs have been signed with Russian companies for manufacturing of spare parts in India.

Tags : INSTITUTES DEFENCE PRODUCTS MANUFACTURING

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