Since May 2001, Indian private sector participation is allowed upto 100 % in Defence Industry sector with FDI upto 26 %. So far, 144 Industrial Licenses / Letters of Intent (ILs/LOIs) have been issued to a number of private sector companies for manufacturing of various defence items.
This information was given by Defence Minister Shri AK Antony in a written reply to Shri Arjun Munda in Lok Sabha today
source;pib
Tuesday, July 27, 2010
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