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FDI in Defence: Jaitley Empowers Indian Defence Industry

FDI in Defence: Jaitley Empowers Indian Defence Industry   The Finance and Defence Minister Mr Arun Jaitley has finally if only partly, “bitten the bullet,” of Foreign Direct Investment (FDI) in Defence. In a policy initiative to attract FDI, the Finance Minister Mr Arun Jaitley Minister in his Budget Speech on July 10, 2014 stated, “The policy of the NDA Government is to promote Foreign Direct Investment (FDI) selectively in sectors where it helps the larger interest of the Indian Economy. FDI in several sectors is an additionality of resource which helps in promoting domestic manufacture and job creation. India today needs a boost for job creation. Our manufacturing sector in particular needs a push for job creation”. With particular reference to FDI in D...
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