On the road to indigenous defence production  

October 29, 2014

The Department of Industrial Policy and Promotion has recently cleared 19 proposals for defence production in which some of the leading corporate giants are involved

AK Ramdas

Thanks to the liberalised delicensing procedure as outlined in the Foreign Direct Investment Policy,  which raised the FDI cap from 26 to 49%, fourteen pending applicants for defence related projects were adviced that licenses were not required for them anymore, while 19 were cleared by the DIPP.

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