FDI in Defence Industry is permissible up to 26%, under Government route subject to Industrial license under the Industries (Development & Regulation) Act 1951 and the following conditions:
Licence applications will be considered and licences given by the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, in consultation with Ministry of Defence.
Cases involving FDI will be considered by the FIPB and licences given by the Department of Industrial Policy & Promotion in consultation with Ministry of Defence.
The applicant should be an Indian company / partnership firm.
Government decision on applications to FIPB for FDI in defence industry sector will be normally communicated within a time frame of 10 weeks from the date of ack.
Consolidated FDI Policy India, 2010
Svipja Technologies
Dr APJ Abdul Kalam, Former President of India:
YOU say that our Government is inefficient.
YOU say that our laws are too old.
YOU say that the municipality does not pick up the garbage.
YOU say that the phones don't work, the railways are a joke. The airline is the worst in the world, mails never reach their destination.
YOU say that our country has been fed to the dogs and is the absolute pits.
YOU say that the System is corrupt. In such a dealing, Someone Gives, the Other Takes, both are to equally blame.
YOU say, say and say.
What is Your Role? And what do YOU do about it?
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