Institutes set up for Defence Products Manufacturing
One approval for 100% FDI inflow has been given by till date. Government has issued 464 licenses till February, 2020 for manufacture of a wide range of defence items to Indian companies, out of which a total of 238 licenses have been issued since the launch of the ‘Make in India’.
Inter-Governmental Agreement (IGA) on “Mutual Cooperation in Joint Manufacturing of Spares, components, Aggregates and other material related to Russian/Soviet origin Arms and Defence Equipment” was signed during the 20th India-Russia Bilateral Summit held at Vladivostok on 04.09.2019. Presently, 28 MoUs have been signed with Russian companies for manufacturing of spare parts in India.
This information was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to Shri P L Punia in Rajya Sabha today.