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Defence sector receives only $1 mn of FDI in 3 years

Defence sector receives only $1 mn of FDI in 3 years

Friday, March 24, 2017, 10:27 PM

The defence sector received only USD 1 million in terms FDI equity inflow in the last three years, the Lok Sabha was informed. Subhash Bhamre, Minister of State in the Defence Ministry, said that during the last three years and the current financial year, 34 FDI proposals were received for consideration of Foreign Investment Promotion Board (FIPB). Out of 34, 17 have been approved.
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