[Bengaluru] Opening New era for the defence industry in India P M Assures Raising FDI Limit Beyond 49%
Opening New era for the defence industry in India PM Assured raising the permitted level of Foreign Direct Investment to 49%.This can go higher, if the project brings state-of-the art technology, The PM Said .
Expressing confidence that India would emerge as a major global centre for defence industry, Prime Minister Narendra Modi today promised conducive business environment for domestic as well as foreign players, including a discrimination-free tax system.
PM Shri Modi Invited foreign firms for strategic partnership He said Developing defence system is at the heart of our Make in India programme
He said Defence output will double if domestic procurement goes up from 40 % to 70 % in next five years:
According to a top Boeing official.US companies are hopeful that the Narendra Modi government will take a fresh look at the issue of signing US foundational agreements for transfer of military technology and weapons,
This 10th edition of Aero India.has Witnessed More than 250 Indian companies and more than 300 foreign firms From 30 countries
After Inaugural Year 1996 Narendra Modi Is The First PM Visiting This Aero India Show
Photo Caption
The Prime Minister, Shri Narendra Modi watching the Aero India-2015 Air Show, in Bangalore on February 18, 2015.