Government eases defence export rules to boost Indian arms sales
- The government has eased defence export rules to help Indian companies sell military equipment to global markets more easily.
- Stakeholder consultations will no longer be required for non-lethal defence items exported to most countries.
- The Open General Export Licence OGEL validity has been extended from two years to three years.
- The OGEL framework now covers more defence items and countries, while safeguards remain for sensitive destinations.
Source: moneycontrol.com
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