Monday 25 April 2016

Foreign cos can own up to 74% in Indian defence soon, on a case-to-case basis

SOURCE: BUSINESS INSIDER The Ministry of Defence will soon come out with a new set of guidelines and norms that will work as Standard-Operating-Procedures (SOP) for foreign companies seeking higher ownership beyond the existing 49% foreign direct investment (FDI) that is currently allowed in defence production. India’s Defence Minister Manohar Parrikar has already stated that […]

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