The Govt. of India has permitted Foreign Direct Investment (FDI) in defence sector up to 74 % under Automatic route. However, if FDI in defence sector above 74 per cent can be approved under automatic route. This would be subject to access to modern technology or for 'other reasons' that needs to be recorded. Until now, 49 % of FDI were allowed under automatic route.
from taxmann.com News https://ift.tt/3mupMvH
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