| ID | 126431 |
| Title Proper | Not just a public matter |
| Other Title Information | MoD's opposition to raising FDI limit will be detrimental to the modernization of the armed forces |
| Language | ENG |
| Author | Suman, Mrinal |
| Publication | 2012. |
| Summary / Abstract (Note) | No issue concerning self-reliance in defence production and modernisation of the armed forces has been subjected to as intense a debate as the question of Foreign Direct Investment (FDI) in defence. As is to be expected, industrial entities have taken stands that suit their commercial interests. Whereas the Indian companies want the upper limit to be pegged at 49 per cent, foreign investors demand that their holding should not be less than 51 per cent. However, it is the attitude of the Ministry of Defence (MoD) that is a cause for concern. Being the main stakeholder, it should be welcoming foreign majors to establish manufacturing facilities in India. Instead, it has a taken a totally negative stand. |
| `In' analytical Note | Force Vol.10, No.12; August 2013: p.84-86 |
| Journal Source | Force Vol.10, No.12; August 2013: p.84-86 |
| Key Words | Indian Army ; Self Reliance - Indian Army ; Defense Procurement ; Defence Modernisation ; Defense Acquisition ; Foreign Direct Investment - FDI ; Economic Interest ; Commercial Interest ; Ministry of Defense - MoD ; Defense Collaboration - Equipment and Technological ; Public Issue |