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Automatic FDI In Defence Is Anything But Automatic
The new rules have added one more layer of bureaucracy for all companies, instead of removing them.
25 Sep 2020, 06:08 PM IST
India has allowed up to 74% foreign direct investment in the defence sector through the automatic route—without prior approval of the government. Yet, there’s nothing automatic about it.The new limit was notified by the Department of Promotion of Industry and Internal Trade, or DPIIT. But it came with multiple conditions.The investments will be allowed in new ventures operating on licensed segments—or simply, they will require permit...
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