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Indian govt enhanced FDI in defence sector upto 74% through Automatic Route: Rajnath Singh
Video Credit: ANI
Published on February 3, 2021 - Duration: 01:07s
Indian govt enhanced FDI in defence sector upto 74% through Automatic Route: Rajnath Singh
While addressing at the Aero India Show in Bengaluru on February 03, Union Defence Minister Rajnath Singh said, "The government of India has enhanced FDI in Defence Sector upto 74% through the Automatic Route and 100% through the government route, which would act as a catalyst for foreign players to invest in India." "I am very happy that HAL has got the orders for development of 83 new indigenous Light Combat Aircraft (LCA) - Tejas MK1A from Indian Air Force (IAF) valued at more than Rs 48,000 crores, it is probably the biggest 'Make in India' Defence contract till date," he added.
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Rajnath Singh
29th Defence Minister of India since 2019
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Foreign direct investment
Purchase of an asset
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Capital of Karnataka, India
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Indian Air Force
Aerial service branch of the Indian Armed Forces
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HAL Tejas
Indian lightweight multirole fighter
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