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Cabinet approves 49 pct FDI in defence

| | Aug 07, 2014, at 04:04 am
#FDI Cabinet Raiwlays Defence sector # FDI Raiways # FDI 49 percent Defence Cabinet
New Delhi, Aug 6 (IBNS) In a significant move, the Union Cabinet on Wednesday cleared the proposal of raising the Foreign Direct Investment (FDI) limit in defence to 49 percent, media reports said.

The FDI limit in the sector was raised from 26 percent to 49 percent.

In the Railways sector, the Cabinet  approved a proposal to allow 100 percent FDI for building the infrastructure.

The decisions were taken during a Cabinet meeting on Wednesday.

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