Tag Archives: Ministry of Commerce

Foreign industry bodies ask MoD to ease defense trade terms

Six major western industry associations have written to the Indian Ministry of Defense asking for measures to ease their prospects for commerce in defense equipment, including elimination of the ceiling on Foreign Direct Investment as well as capping financial penalties.

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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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