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of <h1>India Raises FDI Cap in Defence Sector to 49% with Government Route; Higher Investments Need Security Clearance.</h1> The Government of India has revised the Foreign Direct Investment (FDI) policy in the defence sector, amending the Consolidated FDI Policy Circular 2014. The FDI cap for the defence industry has been increased to 49% through the government route, with investments above 49% requiring approval from the Cabinet Committee on Security on a case-by-case basis, especially if they involve modern technology. The policy outlines that companies must be Indian-owned and controlled, with management in Indian hands. Applications for FDI are to be submitted to the Foreign Investment Promotion Board, and decisions are typically communicated within 10 weeks.
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