Fdi In Defence Manufacturing

A total of 44 Indian companies, including public sector units, have received approvals related to Foreign Direct Investment (FDI) till now for joint production of defence items with foreign companies, Minister of State for Defence Shripad Naik said on Monday.

Companies abroad will be able to invest up to a maximum 74 per cent in defence manufacturing in India, up from 49 per cent, Finance Minister Nirmala Sitharaman said on the fourth day of mega reform and relief announcements amid the coronavirus pandemic. The higher foreign direct investment (FDI) limit on defence manufacturing is under the automatic...

"Atma Nirbhar Bharat" Economic Package: Finance Minister Nirmala Sitharaman said commercial mining will be permitted in coal to remove governmental monopoly.

He said relaxing FDI norms in the defence sector is a welcome step but at the end of the day, India has to create an ecosystem to manufacture products locally.

Former defence minister AK Antony said allowing 100 per cent FDI in defence meant throwing the sector into the hands of "Nato-American defense manufacturers", which poses a threat to national security.

Traders fears that Dr Rajan's exit may lead to capital outflows from the country at a time when global investors are already nervous ahead of the key Brexit referendum in UK on Thursday.

The government has hiked FDI cap in defence manufacturing sector from 26 per cent to 49 per cent.

Foreign equity participation in the Company including FDI and Investment by any foriegn institutional investor through portfolio investment have been capped at 32.99 per cent of the paid-up equity capital of the company, the filing said.

India, the world's largest arms importer, wants to open up the domestic weapons industry to help boost domestic manufacturing and modernise its Soviet-era military.

Foreign direct investment (FDI) in defence manufacturing has been hiked from 26 per cent to 49 per cent. The ownership of such joint ventures will stay with Indian companies, Mr Jaitley said.

The Defence Ministry has suggested raising the cap on FDI in defence to 49 per cent from the current 26 per cent to help in developing partnerships between Indian and foreign military hardware manufacturing firms.

Endorsing the government's proposal to liberalise foreign direct investment (FDI) in Indias defence sector, Ficci onb Friday said the move will raise manufacturing capability and could be used to achieve self-reliance in critical defence technologies.

Welcoming the government's resolve to liberalise foreign direct investment (FDI) in the defence sector, the Confederation of Indian Industry (CII) on Tuesday said the proposed move will create more opportunities within the country by helping create jobs and boost manufacturing sector growth.

Shares in defence equipment manufacturers rallied on media reports of a potential increase in foreign direct investment (FDI) limit in the sector from current 26 per cent, multiple dealers said.

The world's biggest arms importer wants to reduce dependence on overseas suppliers and develop the domestic defence industry, but state-run manufacturers' track record is patchy and the government wants private Indian firms to have a greater say.

A total of 44 Indian companies, including public sector units, have received approvals related to Foreign Direct Investment (FDI) till now for joint production of defence items with foreign companies, Minister of State for Defence Shripad Naik said on Monday.

Companies abroad will be able to invest up to a maximum 74 per cent in defence manufacturing in India, up from 49 per cent, Finance Minister Nirmala Sitharaman said on the fourth day of mega reform and relief announcements amid the coronavirus pandemic. The higher foreign direct investment (FDI) limit on defence manufacturing is under the automatic...

"Atma Nirbhar Bharat" Economic Package: Finance Minister Nirmala Sitharaman said commercial mining will be permitted in coal to remove governmental monopoly.

He said relaxing FDI norms in the defence sector is a welcome step but at the end of the day, India has to create an ecosystem to manufacture products locally.

Former defence minister AK Antony said allowing 100 per cent FDI in defence meant throwing the sector into the hands of "Nato-American defense manufacturers", which poses a threat to national security.

Traders fears that Dr Rajan's exit may lead to capital outflows from the country at a time when global investors are already nervous ahead of the key Brexit referendum in UK on Thursday.

The government has hiked FDI cap in defence manufacturing sector from 26 per cent to 49 per cent.

Foreign equity participation in the Company including FDI and Investment by any foriegn institutional investor through portfolio investment have been capped at 32.99 per cent of the paid-up equity capital of the company, the filing said.

India, the world's largest arms importer, wants to open up the domestic weapons industry to help boost domestic manufacturing and modernise its Soviet-era military.

Foreign direct investment (FDI) in defence manufacturing has been hiked from 26 per cent to 49 per cent. The ownership of such joint ventures will stay with Indian companies, Mr Jaitley said.

The Defence Ministry has suggested raising the cap on FDI in defence to 49 per cent from the current 26 per cent to help in developing partnerships between Indian and foreign military hardware manufacturing firms.

Endorsing the government's proposal to liberalise foreign direct investment (FDI) in Indias defence sector, Ficci onb Friday said the move will raise manufacturing capability and could be used to achieve self-reliance in critical defence technologies.

Welcoming the government's resolve to liberalise foreign direct investment (FDI) in the defence sector, the Confederation of Indian Industry (CII) on Tuesday said the proposed move will create more opportunities within the country by helping create jobs and boost manufacturing sector growth.

Shares in defence equipment manufacturers rallied on media reports of a potential increase in foreign direct investment (FDI) limit in the sector from current 26 per cent, multiple dealers said.

The world's biggest arms importer wants to reduce dependence on overseas suppliers and develop the domestic defence industry, but state-run manufacturers' track record is patchy and the government wants private Indian firms to have a greater say.