19 January 2021
by Jon Grevatt
The UK-India Business Council (UKIBC) has called on the government in New Delhi to raise the cap on foreign direct investment (FDI) in the defence sector.
Such a move, it said, will boost investment in Indian defence industrial enterprises and strengthen strategic and defence ties between the two countries.
The suggestion was included in a longer list of recommendations recently submitted to India’s Finance Minister Nirmala Sitharaman for consideration in the country’s budget, which will be announced in early February.
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The UK-India Business Council (UKIBC) has called on the government in New Delhi to raise the cap on ...