Impact of FDI in Defence

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..... Impact of FDI in Defence
News and Press Release
Dated:- 10-2-2020

In May, 2001, the Defence Industry sector, which was hitherto reserved for the public sector, was opened upto 100% for I .....

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..... ndian 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 & In .....

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..... dustry 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 .....

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..... other 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 ammunit .....

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..... ion 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 aer .....

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..... ospace 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/Savv .....

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..... y/ADA
News - Press release - PIB .....

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