Sunday, May 9, 2021
Home Local News 44 companies given FDI approvals for joint production of defence items with...

44 companies given FDI approvals for joint production of defence items with foreign companies: Shripad Naik

A complete of 44 Indian corporations, together with public sector items, have gotten approvals associated to international direct funding (FDI) until now for joint manufacturing of defence items with international corporations, mentioned Minister of State for Defence Shripad Naik on Monday. “Thus far, FDI inflows of about Rs 4191 crore have been reported by the businesses working in defence and aerospace sector within the nation,” Naik mentioned in a written reply to a query in Rajya Sabha.

As on date, FDI approvals have been given to 44 corporations — together with DPSUs — for joint ventures or co-production of assorted defence objects, he said.

These things embody fixed-wing aircrafts, aerospace and aero buildings parts, simulator, unmanned aerial techniques, optical items and optical devices, radar techniques, mortars and tactically protected autos, he added.

On September 17 final yr, the federal government had permitted FDI in defence manufacturing as much as 74 per cent beneath computerized route.

It had additionally permitted FDI in defence manufacturing above 74 per cent beneath computerized route whether it is “more likely to lead to entry to fashionable know-how”.

Earlier than September 17, 2020, FDI in defence manufacturing had been permitted as much as 49 per cent beneath computerized route.

Source link


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

NASA denounces China over ‘irresponsible standards’ after its rocket disintegrates over Indian Ocean

WASHINGTON: American area company NASA on Sunday slammed China for failing to satisfy "accountable requirements" relating to its area particles, hours...

Saturday Night Live: Elon Musk stumbles, cast bumbles in brutally awkward episode | Saturday Night Live

Saturday Evening Reside returned from hiatus with its most controversial episode since Donald Trump hosted again in 2015.Fittingly, tonight’s host could be the...

What Biden should do about the Balkans | European Union

As United States President Joe Biden handed his first 100 days in workplace, it appeared that his administration was placing international coverage decrease...

West Ham United v Everton: Premier League – live! | Football

West Ham: Fabianski, Cresswell, Coufal, Diop, Dawson, Fornals, Soucek, Benrahma, Lanzini, Lingard, Antonio. Subs: Randolph,...

Ukraine’s Burial Mounds Offer Meaning in a Heap of History

DNIPRO, Ukraine — Belching diesel exhaust, a bulldozer minimize right into a 4,000-year-old burial mound, peeling again the soil to disclose the mysteries...

Vaccinations Rise in the E.U. After a Long, Slow Start

Vaccinations are selecting up tempo within the European Union, a surprising turnaround after the bloc’s immunization drive stalled for months.On common during the...

Celtic have interviewed Lucien Favre

3 minute learn 9/5/2021 | 05:40pm ...

Covid-19: Saudi Arabia to hold Hajj under strict guidelines – News

The small print of the operational plans for this 12 months's Hajj shall be introduced later. ...