The government has raised investment cap in defence sector via the automatic route to 74% for companies looking for new industrial licenses. And further from here they will need approval beforehand. The decision has been take to boost FDI in defence.
FDI In Defence Sector Increased To 74%
Further as per the notification by DPIIT, for foreign investments into the defence sector there shall be scrutiny with respect to national security.
While making announcement as part of the relief package, FM Nirmala Sitharaman indicated that FDI in defence manufacturing space can be raise under the automatic route. As per the Department for Promotion of Industry and Internal Trade there has been received FDI equity inflow of USD 9.52 million (Rs 56.88 crore).
What is FDI under the automatic route?
Under the automatic route, after the foreign investment into the particular sector it has to be notified with the RBI.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google