FDI in Defense
Q. According to new FDI rules in defense sector -- Published on 16 Nov 15a. FDI allowed up to 49% under the government approval route.
b. FDI allowed up to 100% under the government approval route.
c. FDI allowed up to 26% under the government approval route.
d. FDI allowed up to 49% under the automatic route
ANSWER: FDI allowed up to 49% under the automatic route
- Foreign investment up to 49% has been allowed under automatic route from the earlier government approved route.
- Proposals for foreign investment in excess of 49% will be considered by FIPB.
