Government weighs raising defence FDI cap to 74 pc in Budget push
Top officials said that among a bunch of Budget proposals is a move to raise the FDI limit to 74 per cent under the automatic route for existing licensed defence manufacturers.
Top officials said that among a bunch of Budget proposals is a move to raise the FDI limit to 74 per cent under the automatic route for existing licensed defence manufacturers.
The decision is taken with an aim to give a boost to government’s ‘Make in India’ in the sector of defence production.
