<h1>India Boosts Private Sector in Defense with Tax Changes, Increased FDI Cap, and Simplified Licensing under Make in India.</h1> The Indian government is promoting private sector involvement in defense manufacturing as part of the Make in India campaign. Key measures include removing excise and customs duty exemptions for goods supplied to the Ministry of Defence by public sector units, leveling the playing field for private companies. This move is expected to attract significant investments from both domestic and foreign entities, such as Boeing and Airbus, by addressing long-standing demands for parity in bidding processes. Additionally, the government has increased the FDI cap in defense to 49% and simplified licensing requirements to further encourage private sector participation.