Foreign Direct Investment Policy 2014: Status Quo for the Defence Sector
One of the provisions in the policy is that in the Information & Broadcasting and the Defence sectors, where the sectoral cap is less than 49 per cent, the company would need to be ‘owned and controlled’ by resident Indian citizens and Indian companies, which, in turn, are owned and controlled by resident Indian citizens. This is a virtual impossibility.
- Amit Cowshish
- April 23, 2014
- IDSA Comments