The góvernment of India is considering moves to further liberalise foreign direct investment (FDI) rules for defence. The move is intended to spur massive inward investment and incentivise foreign defence companies to transfer technologies to India. A senior official in the Indian Department of Industrial Policy and Promotion (DIPP) confirmed to Jane's on 25 July that the government is considering additional changes to the FDI regime, given the limited foreign investment that the sector has attracted in recent years. Until March 2017 the value of FDI in defence is just USD5.12 million since the sector was opened up in 2001.
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