The Ministry of Defence will soon introduce changes in the open general licence norms to boost exports out of India, said Sanjay Jaju, Joint Secretary, Defence Industries Production, here on Monday.
Authorities are working on two open general export licences and the entire process of seeking permissions will be reduced, he said while addressing a workshop organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), an industry body.
“We will create a system under which Indian exporters will have the opportunity to give self-declaration of their quarterly or yearly statements for a select group of countries,” said Jaju.
“We are trying to come up with a solution where an open general export license for certain products to certain countries will be issued. Read More