Finally under new Governments completion of one year is starting to show some actions on the ground.We are seeing that there is around activity on license to manufacture and assemble all kind
of equipment from aircraft to helicopters and also lot of strategic Electronics.Only today they have
cleared as many as 16 projects worth 613 cr of investment.All these startup activity will naturally
have the Capex and so T&M equipment investment of high tech variety.
Stat wise the Government seems to have cleared 73 industrial licenses compared to just 50 between 2011 to 2014 May.More importantly the technology content is lot higher and local manufacturing is emphasized.The period of licensing is bigger too and so liberal view is taken.
Foreign investment is allowed to be upto 49percent and exceptional cases to 100pct.Mostly up to 49
percent is very attractive in these tech cases.
I think the T& M companies have an opportunity to sit and discuss with the manufacturers the new range of manual and automatic equipment immediately.
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