Fdi In Defence Sector

Raksha Mantri informed Rajya Sabha about the Relaxation of Foreign Direct Investment (FDI) norms in Defence Sector.


About:

  1. In 2001, the Defence Industry sector, which was hitherto reserved for the public sector, was opened upto 100% for Indian private sector participation, with FDI upto 26% both subject to licensing.

  2. Further, Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry has allowed FDI under automatic route upto 49% and above 49% through government route wherever it is likely to result in access to modern technology.

  3. Further, FDI in defence industry sector is subject to industrial license under Industries (Development & Regulation) Act, 1951 and manufacturing of small arms and ammunition under the Arms Act, 1959. 

Source : PIB

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