Sunday 29 June 2014

India should welcome foreign defence firms

SOURCE: LIVEMINT India has tied itself into knots on permitting foreign direct investment (FDI) in various sectors of the economy. One domain has proved particularly nettlesome: defence manufacturing. Currently, India allows FDI up to 26% in defence. Further investment requires a clearance from the Cabinet Committee on Security (CCS), one of the highest decision-making bodies […]



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