Monday, December 10, 2012

FDI in Defence Sector.

   As reported by the Department of Industrial Policy & Promotion (DIPP), Foreign Direct Investment (FDI) amounting to Rs.19.89 crores (US $ 4.12 millions) has been received in defence industry sector from January 2001 to September 2012.

   FDI upto 26% under the Government approval route is permitted in Defence Sector subject to specified conditions.

   This information was given by Minister of State for Defence Shri Jitendra Singh in a written reply to ShriMaheshwarHazari and others in Lok Sabha today.

PIB

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