Defense Production Secretary Raj Kumar Singh said the Commerce Ministry proposal to increase the FDI limit from the existing 26 percent was under the consideration of the ministerial group.
Tag Archives: Department of Industrial Policy and Promotion
Max. 49% FDI in defense: FICCI
The Indian industry association, FICCI has argued for limiting FDI in the Indian defense sector to, at most, 49 per cent, following CII, which had submitted similar views last May.
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