FDI limit in defence manufacturing under automatic route is being raised from 49% to 74%: FM Nirmala Sitharaman

New Delhi: FDI limit in defence manufacturing under automatic route to be raised from 49 pc to 74 pc announced by the Finance Minister Nirmala Sitharaman.

Enhancing Self-reliance in Defence Production

– Notify a list of weapons/platforms for a ban on import with a year-wise timeline

– Indigenisation of imported spares

– Separate budget provisioning for domestic capital procurement.