FDI in Defence Sector
·
Foreign
investment up to 49% will be under automatic route.
·
Portfolio
investment and investment by FVCIs will be allowed up to permitted automatic
route level of 49%.
·
Proposals
for foreign investment in excess of 49% will be considered by Foreign Investment
Promotion Board (FIPB).
·
In
case of infusion of fresh foreign investment within the permitted automatic
route level, resulting in change in the ownership pattern or transfer of
stake by existing investor to new foreign investor, Government approval
will be required.
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