EOUs are required to be net foreign exchange earners in five years from the date of commencement of production. As per a notification by the Directorate General of Foreign Trade, the five year period could now be suitably extended by the Board of Approval. EOUs require a Letter of Permission (LoP) by the Development Commissioner before commencing operations. Bharat Dynamics Ltd, a mini-ratna Category-I company under the Ministry of Defence, has a new man at the helm of affairs with Maj Gen (Retd) Ravi Khetarpal taking over as the new Chairman and Managing Director. read more
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