Key Highlights
- India is set to ease defense FDI norms to attract global manufacturers.
- The government plans to relax foreign ownership limits in the defense sector.
- The initiative aims to strengthen domestic manufacturing capabilities.
India set to ease defence FDI norms to attract global manufacturers: Report
India is planning to relax its foreign direct investment (FDI) norms in the defense sector to attract global manufacturers and bolster domestic production. This overhaul aims to remove restrictions on foreign ownership to enhance collaboration with international defense firms.
AFP
Credit: A staff cleans Akash, a medium-range mobile surface-to-air missile defense system developed by the Defence Research and Development Organisation (DRDO). India currently uses the Akash Air defence system, SPYDER air defence system, Barak-8 MK-SAM, Igla-S, 9K33 Osa AK, 2K12 Kub and QRSAM.
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Sources
This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.
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