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Streamlining the Procedure for Grant of Industrial License
Presently,
the initial validity period of an Industrial License for the Defence
Sector is 7 years, which can be further extended to 10 years.
This
Press Note provides that the initial validity period of an Industrial
License for the Defence Sector will now be 15 years, which can be
further extended to 18 years. In case the License has expired the
Licensee can apply for a fresh License.
