FDI in Defence Production

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 the approval of the Cabinet Committee on Security.

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

Source:pib