NEWS | DIGEST
Raksha Mantri Shri Rajnath Singh has approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intracompany transfer of technology to select countries. It 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 (DDP) on a case-tocase basis.
Following a demand by the exporters, the DDP held extensive consultations with various stakeholders and formulated this OGEL policy and submitted for Raksha Mantri’s approval. The countries allowed under the OGELs are Belgium, France, Germany, Japan, South Africa, Spain, Sweden, UK, USA, Canada, Italy, Poland and Mexico. Export of items to a ‘Special Economic Zone’ is not permitted.