Following announcements that foreign investment restrictions in the defence sector would be eased, the Department of Industrial Policy and Promotion has issued Press Note No. 7 (2014 Series), which lays down the policy for foreign investment in the defence sector.
The press note outlines the following rules for investment:
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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
