FDI Limit Up In Defence Manufacturing, "Make In India" Push For Weapons | Read

Companies abroad will be able to invest up to a maximum 79 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 route, for which government approval is not required, Ms Sitharaman said.