FDI in Defence Sector`
25/November/2016
GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
LOK SABHA
UNSTARRED QUESTION NO: 1662
ANSWERED ON:  25.11.2016
FDI in Defence Sector
SHASHI THAROOR
 
Will the Minister of



DEFENCE be pleased to state:-


(a) whether the Government has recently introduced a new policy for Foreign Direct Investment (FDI) in defence;

(b) if so, the details thereof including revisions from the previous policy;

(c) whether the Government has come up with criteria that define technology / ordnance that falls under ‘Modern Technology’ in FDI, if so, the details thereof;

(d) whether the Government has constituted a body to overlook and consider proposals for FDI beyond 49 per cent; and

(e) if so, the details thereof and the status of proposals previously accepted and details of the new proposals under the new policy?


ANSWER
MINISTER OF STATE (DR. SUBHASH BHAMRE)
IN THE MINISTRY OF DEFENCE
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(a) to (e): A Statement is attached.


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