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The move will give a boost to indigenisation with the active participation of both public and private sector for fulfilling the objectives of achieving self-reliance and promoting defence exports
44 companies given FDI approvals for joint production of defence items with foreign companies: Shripad Naik Synopsis As on date, FDI approvals have been given to 44 companies -- including DPSUs -- for joint ventures or co-production of various defence items, Minister of State for Defence Shripad Naik stated. A total of 44 Indian companies, including public sector units, have got approvals related to foreign direct investment (FDI) till now for joint production of defence items with foreign companies, said Minister of State for Defence Shripad Naik on Monday. "So far, FDI inflows of about Rs 4...