India Increases FDI to 100% in Defense
Foreign defense firms can now set up fully owned subsidiaries in India following the Indian government’s decision to increase Foreign Direct Investment in the defense sector to 100 percent from 49 percent, reports Defense World.
Foreign investment beyond 49 per cent has now been permitted through a government approval route wherever it is likely to result in access to modern technology or for other reasons to be recorded. This FDI limit is also applicable to Manufacturing of Small Arms and Ammunition covered under the Arms Act 1959, an official statement said.
Posted on September 15th, 2016
by Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation.
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