Foreign Investment in Defence Sector
Several MOUs / Agreements have been signed between Indian and foreign companies for setting up joint ventures. However, the actual flow of Foreign Direct Investment (FDI) takes time to mature. From August 2014 to February 2016, a total amount of Rs. 112.35 lakhs has come into the country as FDI in defence sector.
Ministry of Defence has neither entered into nor is there any proposal at present to enter into any framework agreement with Israel for supply of arms, military equipment and / or technology transfers in the defence sector. However, Government has entered into contracts with Israeli firms for supply of defence equipment with Transfer of Technology or work-share arrangements.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri SP Muddahanume Gowda and Shri CS Putta Raju in Lok Sabha today.
DM/NAMPI/RAJ
Ministry of Defence has neither entered into nor is there any proposal at present to enter into any framework agreement with Israel for supply of arms, military equipment and / or technology transfers in the defence sector. However, Government has entered into contracts with Israeli firms for supply of defence equipment with Transfer of Technology or work-share arrangements.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri SP Muddahanume Gowda and Shri CS Putta Raju in Lok Sabha today.
DM/NAMPI/RAJ
