Nirmala Sitharaman: FDI limit for defence manufacturing to be raised to 74 per cent

Credit: Mid-Day- Published on May 17, 2020
In a big-bang reform measure, the Union government has decided to raise the limit for foreign direct investment (FDI) for defence manufacturing from 49 to 74 per cent under the automatic route. Speaking to the media, Finance Minister Nirmala Sitharaman on Saturday said that time-bound defence procurement process and faster...

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