FDI raised in Defence manufacturing: FM Sitharaman

Video Credit: ANI
Published on May 16, 2020 - Duration: 01:01s

FDI raised in Defence manufacturing: FM Sitharaman

Union Finance Minister Nirmala Sitharaman announced raise in FDI of Defence manufacturing, while unveiling fourth tranche of Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi.

"Foreign Direct Investment limit in Defence manufacturing under automatic route is being raised from 49 percent to 74 percent ," said Finance Minister Nirmala Sitharaman.'MakeInIndia' for self-reliance in defence production - we will notify a list of weapons/platforms for ban on import with year wise timelines.

There will be indigenisation of imported spares," said Finance Minister.


You are here


๐Ÿ’ก newsR Knowledge: Other News Mentions

Narendra Modi

14th and current Prime Minister of India
Credit: IndiaTimes - Published 19 hours ago

Credit: IndiaTimes - Published 1 day ago

Credit: IndiaTimes - Published 2 days ago

Credit: IndiaTimes - Published 2 days ago


Nirmala Sitharaman

Finance Minister of India
The 44th GST Council meeting, chaired by Union finance minister Nirmala Sitharaman and comprising state ministers, on Saturday slashed tax rate on Covid drugs..
Credit: IndiaTimes - Published 4 days ago

Related news from verified sources

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...
on May 17, 2020 • Mid-Day

New Delhi: To boost Make in India in defence production, Finance Minister Nirmala Sitharaman on Saturday said FDI limit in defence manufacturing will be hiked to...
on May 16, 2020 • Mid-Day

To boost Make in India in defence production, finance minister Nirmala Sitharaman on Saturday said FDI limit in defence manufacturing will be hiked to 74% from...
on May 16, 2020 • IndiaTimes

Related videos from verified sources

Veterans welcome Centre's decision to raise FDI in Defence manufacturing 01:31
Video credit: ANI - Published on May 16, 2020 

India economic relief package: Fin Min announces 8 reforms structural reforms | Oneindia News 03:12
Video credit: Oneindia - Published on May 16, 2020 

You might like