FDI limit in defence manufacturing under automatic route hiked
The Central government will notify a list of weapons or platforms banned for imports, Sitharaman announced
The finance minister today also announced reforms in the coal sector
In the fourth tranche of economic stimulus, Finance Minister Nirmala Sitharaman unveiled packages for eight sectors including defence production. To boost 'Make in India' in defence production, the finance minister today said foreign direct investment limit in defence manufacturing under automatic route will be hiked to 74% from 49%. This will be subject to security clearance, the minister added.