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License Requirement Rules Relaxed – Manufacturing Sector
September 15 , 2019
1929 days
1424
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- Commerce Ministry has announced that no compulsory licence would be required for manufacturers of goods, barring four segments namely:
- Cigars and Cigarettes of tobacco and manufactured tobacco substitutes
- Electronic aerospace and defence equipment
- Industrial Explosives
- Hazardous chemical
- Also, no industrial/arms licence is required for the manufacturer of any parts or accessories in the defence sector, unless specifically listed for procuring licences.
- Government has relaxed licensing rules for manufacturers as a part of government’s effort to remove the licence raj and ensure ease of doing business.
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