Wednesday, February 11, 2009

Bangalore: There is no proposal before the government to revise the 26 per cent cap on FDI in defence sector, Defence Production Secretary Pradeep Kumar said today."There is no move at present to change the 26 per cent cap", he told reporters in response to questions a day before the five-day air show, Aero India 2009 commences here.
Pradeep Kumar said the government would come out with a revised Defence Procurement policy next year, improving upon the one unveiled in August last year, which was finalised after getting feedback from all stake-holders, Indian and foreign industries and aviation experts.
11/02/09 Press Trust of India

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