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Modernization of Defence Industry

The following steps have been taken by the government which would help in bringing in critical technologies and modernize the Defence Industry in the country:-

In addition to the above, the following initiatives and schemes have been initiated to contribute toward the modernization of the Defence Industry:-

In May 2001, the Defence Industry Sector, which was hitherto reserved for the public sector, was opened up to 100% for Indian private sector participation, with Foreign Direct Investment (FDI) up to 26% both subject to Licensing. Further, the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry has allowed FDI under automatic route up to 49% and above 49% through Government route wherever it is likely to result in access to modern technology or for other reasons to be recorded. To date, 43 FDI proposals/ Joint ventures have been approved for the manufacture of various defense equipment, both in the public and private sector. Till February 2020, Government has issued 464 licenses to Indian Companies for manufacturing a wide range of defense items.

This information was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to Shri Vijay Goel in Rajya Sabha today.

Source: Press Release
Release ID: 1607716
PIB Delhi
Ministry of Defence
Date: March 23, 2020

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