The present cap (as on 01.01.2015) on Foreign Direct Investment in the defence sector is:
26%
49%
74%
100%
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2015
Prior to August 2014, the FDI limit in the defence sector was 26% under the government approval route. In August 2014, the Government of India revised the FDI policy for the defence sector, increasing the limit to 49% under the government approval route. FDI beyond 49% was also permitted on a case-by-case basis subject to approval of the Cabinet Committee on Security (CCS), provided it was likely to result in access to modern and ‘state-of-art’ technology. This revised policy was in effect on 01.01.2015.