Sputnik — Traditional Arms Suppliers ‘to be Pressured’ as India OKs National Security Clause in Defence FDI

Summary:
In August this year, India’s Defence Minister Rajnath Singh announced an embargo on the import of 101 types of defence equipment worth billion to boost domestic industry. The Defence Ministry revealed that a budget of billion has been set aside for domestic capital procurement in the current financial year.The Indian government, which increased the Foreign Direct Investment (FDI) cap in defence sector investments to 74 percent under the automatic route this past May, said that such investments will be subject to scrutiny due to national security concerns. A press note released by the Department of Promotion of Industry and Internal Trade (DPIIT) said that foreign investment in the sector is subject to security clearance and the guidelines set by the Ministry of Defence. India is

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.