To boost def exports, govt to launch 'open general export scheme' in a month: official

PTI | New Delhi | Updated: 17-06-2019 22:22 IST | Created: 17-06-2019 22:20 IST
To boost def exports, govt to launch 'open general export scheme' in a month: official
Image Credit: ANI
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To boost defence exports, the government will launch 'Open General Export License' scheme with a month, a senior Defence Ministry official said Monday. Speaking at the 'Workshop for Defence Export Promotion' organised by FICCI, Sanjay Jaju, Joint Secretary (Defence Infrastructure Panel) in the Ministry of Defence, said that through the new licence, the industry will be able to access the international market and make the products more competitive. "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 the Indian customer. He stressed that Indian exporters should diversify the product line to be internationally competitive.

"It is important for us to now look at platforms and while looking at these platforms, it is important that we are competitive and able to provide good value for money to the buyer," he said. 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 the last five years, the next decade is going to turn the tides," he added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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