The issue of permitting FDI in the defence sector has been one of the most contentious aspects of India’s FDI policy. In spite of the cap on foreign shares being virtually removed in 2013, for cases involving ‘state-of-art’ technology, the demands to raise the cap did not cease. This was the context in which the Government has raised the base cap on foreign share from 26% to 49% and also permitted foreign portfolio investments.
What are the prospects and implications of India’s efforts to build her defence industrial base with the help of FDI? To discuss this and related issues the Institute for Studies in Industrial development is organising a Brainstorming Session on “India’s Defence FDI Policy” on Saturday, November 1, 2014 at its premises. The Concept Note attached herewith elaborates the context in which the meeting is being held.
Dr K.V.K. Ranganathan
Institute for Studies in Industrial Development
4 Institutional Area Phase II, Vasant Kunj
New Delhi - 110070 INDIA
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