Skip to main content

The Government of India has identified the defence and space sectors as focal areas for the “Make in India” initiative and has accordingly been taking steps to promote the establishment of domestic manufacturing infrastructure backed by a robust research and development ecosystem in these sectors. Recently, as part of the wider stimulus package announced to revive the Indian economy, the Government further announced that (i) foreign investment of up to 74% will be permitted in the defence manufacturing sector without any prior Government approval, and (ii) steps will be will be taken to increase the participation of private companies in the space sector which has so far been dominated by the Government.

Click to read more – Foreign Investment in Defence and Space