NEW DELHI — India is considering increasing the foreign direct investment (FDI) limit in its defense sector to at least 49% from the current 26%, according to a top government official. “I am in favor of raising [the] FDI limit in the defense sector to at least 49%, if not 74%,” Federal Trade Minister Anand Sharma says. The policy change is needed to help India “become a major defense producer” in the world, he says. “India needs to move on. Our industry is talking to major defense ...
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