Press Esc to close
Friday 28 April 2017
News updated at 9:56 AM IST

FDI cap on defence production to stay at 26 percent

New Delhi, Aug 1, 2013, (IANS): 23:48 IST
PTI file photo.
The cabinet Thursday decided that FDI cap in defence production will remain at 26 percent and proposals for higher foreign direct investment will be considered by the Cabinet Committee on Security (CCS) on a case to case basis.

An official release said that foreign direct investment in defence production above 26 percent will be decided on case to case basis if it ensures access to "state-of-art" technology.

"Up to 26 percent, no change i.e., through FIPB (foreign investment promotion board and CCEA (cabinet committee on economic affairs) if FDI exceeds Rs.1,200crore. Above 26 percent to CCS on case to case basis, which ensure access to modern and 'state-of-art' technology in the country," the release said.

The cabinet meeting was chaired by Prime Minister Manmohan Singh.

The government had last month cleared FDI in defence production beyond 26 percent on a case-to-case basis after approval of the CCS if the proposal involves state-of-the-art technology.

Go to Top

Photo Gallery
Kempegowda International Airport customs seized Gold Biscuits...

Kempegowda International Airport customs seized Gold Biscuits...

Fireworks at Golden temple on the occasion of the Birth Anniversary of the second Guru...

Fireworks at Golden temple on the occasion of the Birth Anniversary of the second Guru...

Bollywood actor Akshay Khanna during the cremation of his father veteran actor Vinod Khanna...

Bollywood actor Akshay Khanna during the cremation of his father veteran actor Vinod Khanna...

A tiger enjoys water bath on a hot summer afternoon at Surat Zoo...

A tiger enjoys water bath on a hot summer afternoon at Surat Zoo...

Senior Wildlife Veterinarian Sharvan Singh Rathore plays with a Lion Cub ‘Kailash’...

Senior Wildlife Veterinarian Sharvan Singh Rathore plays with a Lion Cub ‘Kailash’...

Army personnel guard inside their Panzgam camp, 120 kms from Srinagar, which was attacked...

Army personnel guard inside their Panzgam camp, 120 kms from Srinagar, which was attacked...

West Bengal Chief Minister Mamata Banerjee during a government programme at Birpara...

West Bengal Chief Minister Mamata Banerjee during a government programme at Birpara...

Bihar Chief Minister Nitish Kumar addressing Champaran Satyagraha Smriti function...

Bihar Chief Minister Nitish Kumar addressing Champaran Satyagraha Smriti function...

RCB cheerleaders perform before the start of IPL match against Gujarat Lions at Chinnaswamy...

RCB cheerleaders perform before the start of IPL match against Gujarat Lions at Chinnaswamy...

Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.