Centre relaxes Arms Rules to bolster investment in manufacturing
Posted: Tue Oct 31, 2017 12:23 am
Source From the hindu
Requirement of renewal every five years has been done away with
The Union Home Ministry has liberalised the Arms Rules to encourage investments in the manufacture of arms, ammunition and weapons systems, to give a boost to the Centre’s ‘Make in India’ policy.
The liberalised rules will promote employment generation in this field, according to an official statement released by the MHA. An official said the rules were liberalised with the aim of making India a regional leader in supplying small arms to neighbouring countries as well as help it become an export hub.
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Requirement of renewal every five years has been done away with
The Union Home Ministry has liberalised the Arms Rules to encourage investments in the manufacture of arms, ammunition and weapons systems, to give a boost to the Centre’s ‘Make in India’ policy.
The liberalised rules will promote employment generation in this field, according to an official statement released by the MHA. An official said the rules were liberalised with the aim of making India a regional leader in supplying small arms to neighbouring countries as well as help it become an export hub.
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