Saturday, September 14, 2013

Defence FDI Scrutiny

  • FII through portfolio investment not permitted
  • All applications for FDI in defence to be made to secretariat of FIPB
  • Cabinet Committee on Economic Affairs (CCEA) to okay projects with FDI up to 26% with inflows of Rs 1200 crores or more
  • Defence Ministry to examine projects with FDI more than 26%
  • Cabinet Committee on Security (CCS) to take call based on FIPB, defence ministry advice
  • Proposals with more than 26% FDI and Rs 1200 crore inflows to not need CCEA nod as they will go to CCS.


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