India announces Foreign Investment Reform to Reshape Defense Industry
India allows upto 100 percent foreign direct investment in defence sector [Xinhua]World’s largest importer of arms is now allowing non-Indian companies to own up to 100 per cent of defense firms, a new government statement on Monday said.
Apart from allowing upto 100 per cent foreign direct investment in the defence and civil aviation sectors, the government would also permit 100 per cent FDI in civil aviation, animal husbandry and trading, including through e-commerce.