India  
 
NewsR.in

FDI raised in Defence manufacturing: FM Sitharaman

Video Credit: ANI - Duration: 01:01s - Published
FDI raised in Defence manufacturing: FM Sitharaman

FDI raised in Defence manufacturing: FM Sitharaman

Union Finance Minister Nirmala Sitharaman announced raise in FDI of Defence manufacturing, while unveiling fourth tranche of Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi.

"Foreign Direct Investment limit in Defence manufacturing under automatic route is being raised from 49 percent to 74 percent ," said Finance Minister Nirmala Sitharaman.'MakeInIndia' for self-reliance in defence production - we will notify a list of weapons/platforms for ban on import with year wise timelines.

There will be indigenisation of imported spares," said Finance Minister.


You Might Like

Related news from verified sources

Nirmala Sitharaman: FDI limit for defence manufacturing to be raised to 74 per cent

Nirmala Sitharaman: FDI limit for defence manufacturing to be raised to 74 per cent In a big-bang reform measure, the Union government has decided to raise the limit for foreign direct...
Mid-Day - Published

Coronavirus Lockdown: Nirmala Sitharaman announces hike in FDI in defence production

New Delhi: To boost Make in India in defence production, Finance Minister Nirmala Sitharaman on...
Mid-Day - Published Also reported by •IndiaTimes



Related videos from verified sources

Veterans welcome Centre's decision to raise FDI in Defence manufacturing [Video]

Veterans welcome Centre's decision to raise FDI in Defence manufacturing

Finance Minister Nirmala Sitharaman announced raise in FDI from 49 percent to 74 percent in Defence manufacturing, while unveiling fourth tranche of Rs 20 lakh crore stimulus package announced by Prime..

Credit: ANI     Duration: 01:31Published
India economic relief package: Fin Min announces 8 reforms structural reforms | Oneindia News [Video]

India economic relief package: Fin Min announces 8 reforms structural reforms | Oneindia News

Finance Minister Nirmala Sitharaman announced major structural reforms to push growth and boost investments. She opened up the coal sector to private players, withdrawing the government monopoly in..

Credit: Oneindia     Duration: 03:12Published