Govt approves 100% FDI in aviation, defence, e-commerce

June 20, 2016 14:50

The government approves Foreign Investment (FDI) up to 100% in Defence Sector, aviation and e-commerce. FDI limit for Defence Sector has also been made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act 1959. Private Security Agencies-FDI up to 49 per cent permitted undr automatic route and FDI beyond 49 per cent and up to 74 per cent will be permitted with Govt approval route. FDI norms relaxed for single brand retail, civil aviation, airports, pharmaceuticals and animal husbandry.

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