To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

Open menu Search

India opens defence sector to 100% FDI

21st June 2016 - 12:33 GMT | by Neelam Mathews in Delhi


On 20 June India announced radical reforms in numerous industries, including aviation and defence, by allowing 100% foreign direct investment (FDI) with immediate effect.

Present rules permit 49% FDI participation in company equity under the automatic route. While most sectors are to be cleared under this avenue, except for a small negative list, clearances for the sensitive defence sector will continue on a case-by-case basis, though less stringent than in the past. 

‘With these changes, India is now the most open economy in the world for FDI,’ said a statement. 

‘Subject to validation and fine print of the release of

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 1 free story per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Neelam Mathews


Neelam Mathews

Neelam Mathews was born in India and completed her education in London.

She has written for …

Read full bio

Share to