351 private companies given licenses in defence industrial sector

Representational Image (Pixabay)

New Delhi: The Centre on March 21, 2022, said that a total of 351 private Indian companies have been given Defence Industrial Licenses.

Defence Industry sector, which was hitherto reserved for the public sector, was opened up to 100% for Indian private sector participation in May 2001. 

Giving a written reply in the Rajya Sabha, Ajay Bhatt, Minister of State Defence, said that the Government has issued a total of 568 Defence Industrial Licenses to 351 companies so far.

“Out of these, a total of 113 companies covering 170 Defence Industrial Licenses have conveyed commencement of production,” he informed.

As per the condition stipulated in the License, the Defence Industry is required to provide the standards and testing procedures for equipment to be produced to the Government nominated Quality Assurance Agency, the Minister said.

He added that the nominated Quality Assurance Agency inspects the finished products and conducts surveillance and audit of the quality assurance procedures. (Press Release)

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