FDI in Defence: Navigating the Twists and Turns

In DEFENCE INDUSTRY, LATEST NEWS, MOD

After opening the economy in the early nineties, the Government of India (GoI) encouraged foreign companies to invest in India. Most of the economic sectors were opened to a majority shareholding by foreign companies except for some sensitive and strategic sectors like the Defence, Atomic Energy, Railways etc. In 2001, Defence as a sector was opened up for FDI (Foreign Direct Investment) participation. The FDI limit was 26 per cent via the automatic route. Due to national security issues, the permissible FDI limit was kept below 50 per cent, thereby not allowing the Read More

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