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Impact of FDI in Defence
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....mpact of FDI in Defence <br>News and Press Release<br>Dated:- 10-2-2020<br><BR>In May, 2001, the Defence Industry sector, which was hitherto reserved for the public sector, was opened upto 100% for In....
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....dian private sector participation, with Foreign Direct Investment (FDI) upto 26% both subject to licensing. Further, Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Ind....
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....ustry vide Press Note No. 5 (2016 Series), has allowed FDI under automatic route upto 49% and above 49% through government route wherever it is likely to result in access to modern technology or for o....
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....ther reasons to be recorded. Further, FDI in defence industry sector is subject to industrial license under Industries (Development & Regulation) Act, 1951 and manufacturing of small arms and ammuniti....
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....on under the Arms Act, 1959. As per the data furnished by 37 companies operating in Defence and Aerospace sector, so far, FDI inflows of over ₹ 1561 Crores have been reported in defence and aero....
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....space sector after 2014 in automatic route. This information was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to Shri Prashanta Nanda in Rajya Sabha today. ABB/SS/Nampi/DK/Savvy....
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..../ADA<BR> News - Press release - PIB....