proud_indian
FULL MEMBER
- Joined
- Dec 7, 2008
- Messages
- 1,896
- Reaction score
- 0
- Country
- Location
FDI in defence sector: 34 proposals involving foreign investment approved so far
NEW DELHI: In a written reply in Lok Sabha, the Minister of State for DefenceRao Inderjit Singh recently said that since the opening up of FDI in defence sector, 34 proposals involving foreign investment have been approved so far.
"In pursuance to the Inter-governmental agreement between India and Russia signed in February 1998, a Joint Venture company BrahMos Aerospace, between the Defence Research & Development Organization (DRDO) of India and NPO Mashinostroyenia of Russia has been formed for design, development, production of a Supersonic Cruise Missile," he said.
According to the Ministry of Defence press release, FDI amounting to $1.31 million has been received in the defence sector during the last three years and the current year.
We take a look at the details of the 34 approved proposals along with the items:
FDI in defence sector: 34 proposals involving foreign investment approved so far - The Economic Times
By ECONOMICTIMES.COM | 25 Jul, 2015, 01.55PM IST
NEW DELHI: In a written reply in Lok Sabha, the Minister of State for DefenceRao Inderjit Singh recently said that since the opening up of FDI in defence sector, 34 proposals involving foreign investment have been approved so far.
"In pursuance to the Inter-governmental agreement between India and Russia signed in February 1998, a Joint Venture company BrahMos Aerospace, between the Defence Research & Development Organization (DRDO) of India and NPO Mashinostroyenia of Russia has been formed for design, development, production of a Supersonic Cruise Missile," he said.
According to the Ministry of Defence press release, FDI amounting to $1.31 million has been received in the defence sector during the last three years and the current year.
We take a look at the details of the 34 approved proposals along with the items:
FDI in defence sector: 34 proposals involving foreign investment approved so far - The Economic Times
