Indian defense companies favor raising the maximum stake foreign companies can hold in defense joint ventures in India, according to a recent survey. International investors continue to shy away from India’s defense manufacturing sector owing to the Indian government’s limitations on foreign direct investment (FDI), which caps the stake international companies can hold at 26%. These companies have called for raising the cap to 49%. A survey by the Confederation of Indian Industry ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Indian Defense Industry Calls For Change In Foreign Investment Rules".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.