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Defence – 100 Per Cent FDI in Defence Sector …

March 10, 2015 By admin

100 Per Cent FDI in Defence Sector 

The Government vide Press Note 7 of 2014 Series dated 26.8.2014 has notified revised FDI Policy in defence sector, according to which FDI upto 49% is allowed in the sector through FIPB route and above 49% through approval of Cabinet Committee on Security (CCS) on case to case basis, wherever it is likely to result in access to modern and state-of-the-art technology in the country. 

After opening up of the defence industry sector for FDI in 2001, 33 FDI proposals / Joint Ventures have been approved in defence sector for manufacture of various defence equipment to Indian companies. 

This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri P Bhattacharya in Rajya Sabha today. 

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