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| Defence Exports By India Touch $2 Billion in 2011-12 | |
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| Tweet Topic Started: Apr 3 2013, 12:14 AM (395 Views) | |
| Yogi | Apr 3 2013, 12:14 AM Post #1 |
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Defence Exports By India Touch $2 Billion in 2011-12![]() With about 18% growth in the first three quarters of 2011-12, aircraft exports, including components, stood at about $1.31 billion against $1.11 billion in the corresponding period of 2010-11, Assocham said. Parts and components alone have contributed a whopping 96 percent of the total aerospace exports, highlighting India's manufacturing capability oriented towards tier I, II and III suppliers against original equipment manufacturers (OEMs), it said. In the interest of top-level private defence equipment manufacturers and exporters, Assocham has sought exemption from input tax and levies for their contractors and sub-contractors by issue of customs and excise duty exemption certificates on the lines of defence public sector undertakings (DPSUs). Speaking about the lack of proper definition of defence products, "which is imperative for aerospace and defence sector to be able to access policy support and incentives for exports", Assochan said due to this, "government support remains ad hoc, lengthy and unnecessarily litigative". Assocham has also suggested the government introduce defence as a priority sector for entities like the Engineering Export Promotion Council(EEPC). A defence export award must also be instituted, it said. ![]() Source Edited by Yogi, Apr 3 2013, 12:17 AM.
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3:23 AM Jul 12