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.
Tag: Multi-Role Transport Aircraft
India, Russia to move on MTA, FGFA
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•Antony expressed India’s concern at the tardy progress made in the design and development of the Multi-Role Transport Aircraft (MTA). Both countries will now meet again later this month to speed up work on the project.
Antony to miss FGFA flight demo
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•Defense Minister Arackaparambil Kurian Antony will be on a three-day visit to Russia next week, but will not get a chance to witness the ambitious Fifth Generation Fighter Aircraft (FGFA) flight demonstration due to scheduling problems.