Interest in defence sector peaks after Centre's new FDI policy

Interest in defence sector peaks after Centre

Submitted by alvin on Wed, 2016-06-29 14:40 Bengaluru: The Electronic Industries Association of India (ELCINA) is seeking to cash in on the central government's recent overhauling of its FDI policy, which among others did away with the 49 per cent FDI limit in the defence sector, thereby opening up avenues for significant investments and giving much required impetus for many SMEs to have access to finance and technology. Already large corporates, including Tata Power, L