A minimum of 51 percent FDI must be allowed in defence sector without any conditions so that global players can exercise adequate control over joint ventures, and more jobs are created, a study has suggested.
“The government should allow a minimum of 51 percent FDI in defence sector without any riders to linkages with ‘modern technology,’ so as to enable international defence companies to exercise adequate control over JVs, intellectual property rights and product quality,” a joint report by Assocham and global advisory services firm BDO said.Read More…
