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Decision to amend FDI policy in defence sector to enhance ease of doing business: Goyal
Sep-18-2020

Welcoming the government’s decision to amend the foreign direct investment (FDI) policy in Defence Sector, Union Minister for Commerce and Industry Piyush Goyal said that the move will enhance ease of doing business & contribute to the growth of investment, income and employment.

The Minister further said that foreign investments in the defence sector shall be subject to scrutiny on the grounds of national security and added that in line with collective vision of Aatmanirbhar Bharat, amendments will enhance self-reliance in defence production, while keeping national interests & security paramount.

Meanwhile, the Centre announced that FDI up to 74% under automatic route shall be permitted for companies seeking new industrial licenses.

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