Industry, MoD brass closing ranks to cap defence FDI at 49%

SOURCE: AJAY SHUKLA At a meeting scheduled in New Delhi on Saturday between senior MoD brass and defence industry bodies, the Confederation of Indian Industry (CII) is set to align with the Federation of Indian Chambers of Commerce and Industry (Ficci) in restricting foreign direct investment (FDI) in defence to 49 per cent. With the […]



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