https://www.taxtmi.com/news?id=21374 The report proposes allowing a minimum of majority foreign direct investment in the defence sector without conditional riders so international defence firms can exercise effective control over joint ventures, intellectual property and product quality. It contrasts this with the current policy permitting up to 49 per cent foreign equity under the automatic route and treating higher equity on a case-by-case basis tied to modern technology transfer, and links the proposal to capital inflows, job creation, R&D tax incentives, and development of the aerospace manufacturing ecosystem. en-us Thu, 06 Jun 2019 15:30:04 +0530 Thu, 06 Jun 2019 15:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21374 The report proposes allowing a minimum of majority foreign direct investment in the defence sector without conditional riders so international defence firms can exercise effective control over joint ventures, intellectual property and product quality. It contrasts this with the current policy permitting up to 49 per cent foreign equity under the automatic route and treating higher equity on a case-by-case basis tied to modern technology transfer, and links the proposal to capital inflows, job creation, R&D tax incentives, and development of the aerospace manufacturing ecosystem. News - Thu, 06 Jun 2019 15:30:04 +0530 https://www.taxtmi.com/news?id=21374