FDI beyond 26pc in defence sector on case-by-case basis: Jaitley

Tags: News
Foreign Direct Investment beyond 26 per cent in defence sector may be permitted on a case-to-case basis in areas that can result in access to modern and state-of-the art technology, the government today said.

"As per the current FDI policy, up to 26 per cent FDI is permissible in the defence sector subject to licensing through government route.

"However, wherever FDI beyond 26 per cent is likely to result in access to modern and state-of-the art technology in the country, decisions can be taken to allow higher FDI on a case-to-case basis with the approval of Cabinet Committee on Security," Defence Minister Arun Jaitley said in a reply to a question in the Rajya Sabha.

He added that 28 private sector companies are having FDI varying up to 26 per cent.

EDITORIAL OF THE DAY

  • J Jayalalithaa’s death invites questions on the future course of Tamil Nadu politics

    The death of Tamil Nadu chief minister J Jayalalilthaa, an all-powerful regional leader who has left behind no successor who can even remotely match h

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Cut & Thrust:</b> At the cost of human life

Can we put a cost to human life? The incident ...

Urs Schoettli

japan’s trump card

Like most, the Japanese, too, were surprised by the election ...

Rajgopal Nidamboor

Soul consciousness and reason

The soul, in the philosophical writings of ancient Greece, has ...