This document is a mid-semester report submitted by Lalit Kr. Singh summarizing his two month internship at Larsen & Toubro Heavy Engineering. The report includes declarations, acknowledgements, and discusses regulatory frameworks, tax incentives, and export strategies for key markets - Brazil, United Kingdom, United States, and Israel. It analyzes the strengths, weaknesses, opportunities, and threats (SWOT) and political, economic, social, and technological factors (PEST) affecting India's defense industry and increasing exports. The report provides recommendations to help India's defense sector increase international sales.

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LARSEN & TOUBRO
Heavy Engineering
By Lalit Singh
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i LARSEN & TOUBRO Heavy Engineering MID SEMESTER REPORT OF TWO MONTH
INDUSTRIAL TRAINING SUBMITTED BY: LALIT Kr. SINGH AIBS A1802013238
DECLARATION I hereby declare that the Project Report submitted herewith by me to
the Amity International Business School, Amity University, Noida is my own piece of
work and
it has not been submitted to any other university nor published at any
time earlier. Date:
26 June 2014 Lalit Kr. Singh A1802013238 ii FACULTY GUIDE APPROVAL I “Lalit Kumar
Singh” enrollment no. A1802013238 student of MBA-IB from Amity International
Business School has done the internship in Larsen & Toubro Limited, Powai, Mumbai
from 02/05/2014 to 28/06/2014 on the topic “Recommendations for the Indian
Defence Industry to increase their exports”. Kindly , approve my project . Mr. Ashok
Dubey (FACULTY GUIDE) iii ACKNOWLEDGEMENT It is an important and exhilarating
moment of my life when I have to reminisce and acknowledge all those who have
been in some way instrumental in making this project a reality.
I would like to express my heartfelt gratitude to
Mr. Sachin Pukale, Mr. Ashish Anand, Mr. Nitish Nigam, Ms. Aditi Paradkar , Ms. Amrita
Saha , Ms. Lonna D’ souza for his/her help and guidance throughout training period . I
would also like to thank Mr. Mohan Nair for his immense support and providing some
materials that enabled me to understand the working of the parts which I made
during training period. Mr. Mohan Nair (MENTOR & GUIDE) iv
CONTENTS DECLARATION
...................................................................................................................... i
FACULTY GUIDE APPROVAL
................................................................................................iii
ACKNOWLEDGEMENT.........................................................................................................iv
LIST OF
TABLES...................................................................................................................vii
LIST OF
FIGURES.................................................................................................................
vii ABSTRACT
..........................................................................................................................viii
Introduction
........................................................................................................................ 1
Regulatory
framework........................................................................................................ 2 The
defence offset policy................................................................................................ 2
Industrial license
(IL)........................................................................................................... 2 The FDI
policy.................................................................................................................. 3 The
Export and Import Policy ............................................................................................. 5
SWOT
Analysis..................................................................................................................... 6
PEST
Analysis....................................................................................................................... 7
Tax exemption/incentive in different Sectors
.................................................................... 8 Tax burden on Indian
supplies............................................................................................ 9 BRAZIL
............................................................................................................................... 10
EXPORT MARKETING STRATEGY ................................................................................... 10
ROLE OF THE GOVERNMENT ........................................................................................ 10
UNITED KINGDOM ............................................................................................................
12 ROLE OF THE GOVERNMENT ........................................................................................
12 UNITED STATES OF
AMERICA............................................................................................ 14 ROLE OF THE
GOVERNMENT ........................................................................................ 14
ISRAEL................................................................................................................................
15 ROLE OF THE GOVERNMENT ........................................................................................
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