Defence industry of India Current Affairs, GK & News

GoI permits up to 74% FDI under automatic route in Defence Sector

On September 17, 2020, the Government of India permitted Foreign Direct Investment of 74 percentage under automatic route in defence sector. This is being done to attract more overseas investors in the defence industry. Highlights Till date, the Government of India has permitted 100% foreign investments in the defence sector. Of this 49% were allowed under ..

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PM Modi lays foundation stone for Bundelkhand Expressway in UP

Prime Minister Narendra Modi recently laid foundation stone for the Bundelkhand Expressway at Chitrakoot, Uttar Pradesh. This proposed expressway is expected to connect the backward region to the national capital region and it will also support the Bundelakhnd Defence industrial corridor. Last year, the State Cabinet of Uttar Pradesh had approved the Bundelkhand Expressway project which ..

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Draft policy on defence production

The Ministry of Defence has released draft policy on defence production that aims to make India one of the top five manufacturers of defence platforms with active participation of public and private sectors. The ministry has sought comments and suggestions of experts and stakeholders on policy. Key Objectives: Make India self-reliant in defence production as ..

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