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Defence Exports By India Touch $2 Billion in 2011-12
Topic Started: Apr 3 2013, 12:14 AM (395 Views)
Yogi
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Defence Exports By India Touch $2 Billion in 2011-12

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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. :banana:

Source
Edited by Yogi, Apr 3 2013, 12:17 AM.
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