Make in India: Talks on easing defence FDI on to generate employment

Allowing 76% FDI under automatic route in areas that can give an impetus to civilian sector

Surajeet Das Gupta  |  New Delhi 

The government is in discussion with stakeholders on further liberalising the country’s foreign direct investment (FDI) in defence in order to give a fillip to Make In India and generate employment. Talks are on among government departments, the NITI Aayog, and other stakeholders on various items such as whether it should  increase the cap under the FDI automatic route from 49 per cent to 51 per cent in a broad sweep of products except for some like small arms and ammunition.   Currently, under the FDI policy, the government has opened up most products on the automatic ...

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