Reactions from industry pointed out that the general rule remained the same, with investment restricted to 26 percent, subject to approval by the Foreign Investment Promotion Board.
Industry sneers at Defense FDI announcement
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Tag: Mahindra and Mahindra
Jharkhand Police gets 1st mine-shielded vehicle
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Jharkhand Police take delivery of the first of six Mine Protected Vehicles manufactured by Defense Land Systems India (DSLI).
BAE opts out of Indian Army’s towed guns tender
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British arms major BAE Systems Thursday opted out of India’s tender for 1,580 towed artillery guns with the deadline for submitting the bids coming to an end, a company official said here.
Bofors redux
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The upgraded avatar is being displayed at the DefExpo in New Delhi.
Mine Protected Vehicle displayed
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MPV unveiled at DefExpo.
Mahindra-BAe JV named Defence Land Systems India
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The focus of the new company will be on Mine-Protected Vehicles for the Indian armed forces and paramilitaries as well as on future artillery programs.
