(a) whether the Government has allowed foreign direct investment (FDI) in the defence sector; and
(b) if so, the areas identified for FDI in this sector?
(a) whether the Government has allowed foreign direct investment (FDI) in the defence sector; and
(b) if so, the areas identified for FDI in this sector?
(SHRI BIJOY KRISHNA HANDIQUE)
MINISTER OF STATE IN THE MINISTRY OF DEFENCE AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS
(a) Yes, Sir.
(b) The Defence Industry Sector is open up to 100% for Indian Private Sector participation with FDI permissible up to 26%, both subject to licensing.