The recent policy announcement of a 100 percent limit in FDI in the defence sector is another turning point in India’s quest for self reliance in arms production. For long, the industry and the business sector in India and abroad have been demanding unlimited access to foreign investments in defence sector on the same lines as it exists in other sectors.
any aspects of the demand have been debated since the limit was raised to 49 percent last year. The new policy initiative, along with the not so old Defence Production Policy and Defence Procurement Procedures (DPP) should bring cheers to foreign companies willing to invest in India while retaining their management control.
However, an unlimited FDI limit is just one of the many steps needed to convert the Government’s initiative of ‘Make in India’ into a successful campaign and propel India’s quest for self reliance in arms and weapons production. Read More