| Wednesday, April 23, 2008 |
| |
Ministry of Defence |
|
|
| |
RELAXATION IN FDI CAP IN DEFENCE
|
|
| |
16:15 IST |
|
| |
|
| |
/RAJYA SABHA/
Government proposes to relax the Foreign Direct Investment cap of 26 per cent in defence sector to facilitate co-development of multi-role transport aircraft by Hindustan Aeronautics. The matter is under process to get approval of the competent authority.
This information was given by the Defence Minister Shri AK Antony in a written reply to Shri Amar Singh in Rajya Sabha today.
PK/RAJ
|
|
| |
|