DPIIT, commerce department can issue defence industrial licences
In short
DPIIT and the commerce department have been authorised to issue defence industrial licences under the Industries (Development and Regulation) Act, 1951. The change was communicated officially and gives both departments licensing powers.
It may also change which office companies deal with for licences.
What the reporting says
DPIIT and the commerce department have been authorised to issue defence industrial licences under the Industries (Development and Regulation) Act, 1951, according to an official communication cited by BusinessLine. The move gives both departments licensing powers for defence industrial approvals. It signals a procedural change in how these licences can be issued.
Why it matters
An official communication from DPIIT authorises both DPIIT and the commerce department to issue defence industrial licences under the Industries (Development and Regulation) Act, 1951. The change affects the licensing process for defence industry approvals and could alter the administrative route for applicants.