Cabinet approves raising FDI cap in defence to 49 per cent
- 5 years ago
The FDI hike in defence is intended to cut imports by indigenising defence production as India is one of the world's largest arms importers.
"It is a composite cap, incorporating all forms of foreign investment, FDI, FII, FPI, NRI, etc," said a government official confirming that the proposals has been cleared. Experts did not seem impressed with the cautious stance of the Modi government on defence.
For More information on this news visit: http://www.itvnewsindia.com/
For More information on this news, visit: http://www.indianews.ind.in/
Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTV
Subscribe to our You Tube channel: https://www.youtube.com/user/itvnewsindia
Connect with us on Social platform at: https://www.facebook.com/pages/India-News/371196196360607
"It is a composite cap, incorporating all forms of foreign investment, FDI, FII, FPI, NRI, etc," said a government official confirming that the proposals has been cleared. Experts did not seem impressed with the cautious stance of the Modi government on defence.
For More information on this news visit: http://www.itvnewsindia.com/
For More information on this news, visit: http://www.indianews.ind.in/
Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTV
Subscribe to our You Tube channel: https://www.youtube.com/user/itvnewsindia
Connect with us on Social platform at: https://www.facebook.com/pages/India-News/371196196360607