FDI In Defence
[ABS News Service/09.02.2024]
Industry sector was opened up in May 2001 for private sector participation. Foreign
Direct Investment (FDI) limit in defence sector was enhanced in 2020 up to 74% through
the Automatic Route for companies seeking new defence industrial license, and up
to 100% through the Government Route wherever it is likely to result in access to
modern technology. So far, Rs 5,077 crore worth of FDI has been reported by companies
operating in the defence sector.
the Government promotes co-development and co-production of niche defence technologies
with Foreign Original Equipment Manufacturers (OEMs) to encourage FDI in the defence
information was given by Raksha Rajya Mantri Ajay Bhatt in a written reply to Vinod
L Chavda in the Lok Sabha 9 February, 2024.