India has approved the first-ever 100% foreign direct investment in the defence industry, allowing Swedish company Saab to establish a new facility for the production of rockets, according to a report in The Economic Times. Mats Palmberg, chairman and managing director of Saab India stated, “We are proud to be the first global defence company to be approved by the …
India’s formal entry into space industry was largely in 1962 when Indian National Committee for Space Research was established by Government of India under the aegis of Dr. Vikram Ambalal Sarabhai. In addition to the Draft Space FDI Policy, ISRO revealed the Indian Space Policy 2023 on April 20, 2023. With the advent of Indian Space Policy 2023 and the …
CAIT said that as per reports, Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in the country Metro Cash and Carry has been accused by the traders’ body Confederation of All India Traders of fund diversion and violating foreign direct investment, or FDI, regulations and flouting goods and …
The government may hike foreign direct investment limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a Bill to increase FDI limit in the insurance sector from 49 per cent to 74 per cent. The Insurance Act, 1938 …