Brahmand NewsPrevious Article
Brahmand NewsNext Article
Aero India 2023

FDI beyond 26 % in defence sector on case-by-case basis: Jaitley


NEW DELHI (PTI): Foreign Direct Investment beyond 26 per cent in defence sector may be permitted on a case-to-case basis in areas that can result in access to modern and state-of-the art technology, the government has said.

"As per the current FDI policy, up to 26 per cent FDI is permissible in the defence sector subject to licensing through government route.

"However, wherever FDI beyond 26 per cent is likely to result in access to modern and state-of-the art technology in the country, decisions can be taken to allow higher FDI on a case-to-case basis with the approval of Cabinet Committee on Security," Defence Minister Arun Jaitley said in a reply to a question in the Rajya Sabha.

He added that 28 private sector companies are having FDI varying up to 26 per cent.

Tags:

India  FDI  Defence  Jaitley   

Other Related News

We will not shrink from countering any threat: Rajnath on maritime security

India is maintaining a sustained presence in the strategic waters to ensure safety and security of all cargo vessels and it will not shrink from countering any threat that undermines collective well-being of the region, Defence Minister Rajnath Singh has said.

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2023

Brahmand World Defence Update

Image Gallery