• Wednesday, April 24, 2024

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Nirmala Sitharaman assures defence firms over licensing, tax concerns

By: Eastern Eye Staff

Defence Minister Nirmala Sitharaman on Saturday issued directions to officials for addressing top military firms’ concerns over licensing and tax issues and reiterated the government’s commitment to facilitating private sector’s participation in defence manufacturing. Sitharaman discussed various issues relating to implementation of the government’s ‘Make in India’ initiative in the defence sector with representatives of industry chamber Confederation of Indian Industry (CII), including top executives of a number of Indian and foreign defence firms. The defence minister issued directions to the team of officers headed by the Defence Secretary for time-bound action on key issues raised at the round table,…

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