Government clears 10 proposals for manufacturing defence equipment

NEW DELHI: The government has cleared 10 proposals for manufacturing defence equipment and explosives, besides several industrial licences of companies including Tata Motors, Punj Lloyd and Pipavav that had been pending for the past several years.

The licensing committee chaired by the department of industrial policy and promotion (DIPP) secretary Amitabh Kant on Tuesday cleared most of the 35 projects listed for grant of industrial licence.

Applications for defence production from major players like Piramal Systems and Technologies, Bharti Shipyard, Tata Motors, M&M, Bharti Shipyards, Punj Lloyd and Pipavav got approval, along with the permission to procure foreign direct investment.