No FDI in defence, ports, coal in Apr-Dec period: Govt

In Buzzing Stories, Defence, Latest, News Updates

As many as five sectors including defence, ports and coal have failed to attract any foreign direct investments during the April-December period of the current financial year, Parliament was informed on Monday.

The other two segments which were not able to attract the foreign inflows are photographic raw film & paper and coir, according to the data shared by Commerce and Industry Minister Nirmala Sitharaman in a written reply to the Lok Sabha.

Barring defence industries, the other four sectors had not received any FDI in 2015-16 either.

In 2016, the government relaxed FDI norms in several sectors including defence. India imports 70 per cent of its military hardware from different countries. Read More…

 

Credit By : Business-standard.com

You may also read!

China’s Insecurity Leads to India’s NSG Bid Being Blocked Again

China has once again blocked India’s application for membership of the Nuclear Suppliers Group (NSG). At the 27th plenary

Read More...

Six Suspected Islamic State Jihadists Arrested In Europe

Six suspected members of the Islamic State group were arrested in Spain, Britain and Germany on Wednesday in an

Read More...

Spicejet’s Ajay Singh Meets US Vice President Pence

Having got praises and thanks from US President Donald Trump for creating high-value jobs (around 1.32 lakh) for Americans

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu