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FM reveals walking in FDI in defence production; restriction on specific imports of defence weapons

Byindianadmin

May 16, 2020 #Defence, #weapons
FM reveals walking in FDI in defence production; restriction on specific imports of defence weapons

NEW DELHI: To boost Make in India in

defence production

, finance minister

Nirmala Sitharaman

on Saturday stated

FDI

limit in defence production will be hiked to 74 percent from 49 per cent while some weapons and platforms will be banned for imports.

Items prohibited for imports can only be bought from within the country, she said providing the 4th tranche of th

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