Ministry of Defence
Private Participation in Defence Industry
Posted On:
21 MAR 2022 2:39PM by PIB Delhi
Defence Industry sector, which was hitherto reserved for the public sector, was opened up to 100% for Indian private sector participation in May, 2001. So far, Government has issued a total of 568 Defence Industrial Licenses to 351 companies. Out of these, a total of 113 companies covering 170 Defence Industrial Licenses have conveyed commencement of production.
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 nominated Quality Assurance Agency inspects the finished products and conducts surveillance and audit of the quality assurance procedures.
This information was given by Raksha Rajya Mantri Shri Ajay Bhatt in a written reply to Shri Tiruchi Siva in Rajya Sabha on March 21, 2022.
ABB/Savvy
(Release ID: 1807604)