Defence Ministry relaxes rules for exporting components to select nations

NEW DELHI: Giving a major push to defence exports, Defence Minister Rajnath Singh on Thursday approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intra-company transfer of technology to select countries that include Belgium, France, Germany, Japan, South Africa, Spain, Sweden, UK, USA, Canada, Italy, Poland and Mexico.

The move will give a boost to defence exports and enhance ease of doing business. The application for grant of OGEL will be considered by Department of Defence Production (DPP) on a case-to-case basis, Defence Ministry said.  (AGENCIES)

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