Millennium Post

Antony for 26% FDI in defence

Defence minister AK Antony’s last week, on the eve of his visit to China, stated that only 26 per cent foreign direct investment (FDI) into the country’s defence manufacturing sector could be allowed by the ministry of defence (MoD). However a major section of the armed forces’ brass is firmly pushing a line that at least 49 per cent should be allowed.

Forty nine per cent FDI, into the sector is required for the country to be able to access much needed technology and train Indian manpower.
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