"Giving a big boost to 'Make In India', the Licensing Committee chaired by Secretary, Department of Industrial Policy & Promotion (DIPP), said it last week cleared 19 proposals for grant of industrial licence," the Commerce and Industry Ministry said in a statement.
In addition, applicants in 14 pending cases have been informed that licences were not required anymore as a vast number of defence items have been delicensed, it added.
"It is expected that clearance of these 33 applications and the deregulation of defence product list excluding a large number of components from purview of industrial licensing will provide a major impetus to advanced manufacturing in defence sector," the statement said.
Many of the 19 proposals, have pending with the government for last several years.
"It has been possible to approve these cases as consequence of the simplification of FDI policy," the Ministry said.
As per the liberalised policy, the FDI cap in defence has raised from 26 per cent to 49 per cent.
It also permitted portfolio investments of up to 24 per cent of the total equity of the investee/joint venture company under automatic route and doing away with requirement of 51 per cent equity ownership by a single Indian investor/company. India imports up to 70 per cent of its military hardware.

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