Скачать или смотреть Cabinet approves raising FDI cap in defence to 49 per cent

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.


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