https://www.taxtmi.com/news?id=22510 Regulatory changes expand FDI access in defence by permitting substantive foreign investment under the automatic route and higher participation via government route where it secures technology transfer. Defence industrial licences are maintained for specified items but licensing rules and validity have been rationalised. Procurement policy prioritises indigenous production through the Buy (Indian IDDM) category and preferences for Buy (Indian), Buy and Make (Indian) and Make, supported by revised Make procedures, funding for development costs with MSME reservations, offset flexibility, and other measures to foster domestic manufacturing and technology transfer. en-us Mon, 10 Feb 2020 15:10:07 +0530 Mon, 10 Feb 2020 15:10:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22510 Regulatory changes expand FDI access in defence by permitting substantive foreign investment under the automatic route and higher participation via government route where it secures technology transfer. Defence industrial licences are maintained for specified items but licensing rules and validity have been rationalised. Procurement policy prioritises indigenous production through the Buy (Indian IDDM) category and preferences for Buy (Indian), Buy and Make (Indian) and Make, supported by revised Make procedures, funding for development costs with MSME reservations, offset flexibility, and other measures to foster domestic manufacturing and technology transfer. News - Mon, 10 Feb 2020 15:10:07 +0530 https://www.taxtmi.com/news?id=22510