The draft Defence Production Policy 2018, released in March, visualises India as one of the top five countries in the aerospace and defence sectors in the coming years, with defence goods and services accounting for a turnover of ₹1.7 trillion by 2025.
Prime Minister Narendra Modi’s administration aims to raise the current ceiling on foreign direct investments (FDI) in the defence sector from 49 per cent to 74 per cent, according to a draft of the Defence Production Policy 2018 released by the Ministry of Defence. As of now, anything over 49 per cent is allowed on a case-to case basis.
This story is from the June 2018 edition of Electronics Bazaar.
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This story is from the June 2018 edition of Electronics Bazaar.
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