Defense Production Secretary Raj Kumar Singh said the Commerce Ministry proposal to increase the FDI limit from the existing 26 percent was under the consideration of the ministerial group.
Tag: Department of Industrial Policy and Promotion
Max. 49% FDI in defense: FICCI
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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.
