There is no proposal to revise the 26 per cent cap on foreign direct investment (FDI) in the defence sector, Pradeep Kumar, secretary (defence production), Ministry of Defence, has said.
“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, begins here.
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 feedback from all stakeholders.