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


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!

LAC ‘War-Gamed’, No Free Run For China

In the past decade or so, India has “militarily tailored” its defences along the Himalayas and China could be

Read More...

In J&K, More Terrorists Die Than Are Recruited

A sustained crackdown on militancy in J&K, aided by strong ground intelligence, has seen the killings of terrorists outstrip recruitment by

Read More...

Ahead Of Trump’s Afghan Policy, Commander Of U.S. Forces In Kabul Says Winning War Is Critical

The commander of United States and the North Atlantic Treaty Organisation (NATO) forces in Afghanistan, General John Nicholson, has said that winning the war

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu