Question : SHARE OF PRIVATE SECTOR IN DEFENCE PRODUCTION



(a) whether the Government proposes to increase the share of private sector in defence production up to 74 per cent;

(b) if so, the details thereof;

(c) if not, whether the Government proposes to explore other options to increase the share of private sector; and

(d) if so, the details thereof?

Answer given by the minister


MINISTER OF DEFENCE (SHRI A.K. ANTONY)

(a) to (d): Since May 2001, Indian private sector participation is allowed upto 100% in Defence industry sector with FDI upto 26%. So far, 144 Industrial Licenses/Letters of Intent(ILs/LOIs) have been issued to a number of private sector companies for manufacturing of various defence items.