India urged to raise cap on defence FDI

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.

https://www.janes.com/defence-news/news-detail/india-urged-to-raise-cap-on-defence-fdi_14922

The UK-India Business Council (UKIBC) has called on the government in New Delhi to raise the cap on ...

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