FDI up to 26% is permissible in the defence sector, subject to licensing. However, wherever FDI beyond 26% is likely to result in access to modern and state-of-the-art technology into the country, decisions can be taken to allow higher FDI on a case-to-case basis with approval of the Cabinet Committee on Security.
All such concerns shall be addressed while taking approval from Cabinet Committee on Security on a case-to-case basis.
This information was given by Minister of State for Defence Shri Jitendra Singh in a written reply to Dr. Kanwar Deep Singh in Rajya Sabha today.
PIB
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