India increases defence spending, invites foreign investment
Posted on
DefenceTalk
India announced Thursday it would lift the cap on foreign direct investment in the defence sector to 49 percent and announced a 12-percent rise in military spending as part of efforts to modernize its armed forces. In his first budget, Finance Minister Arun Jaitley raised defense spending for the current financial year to 2.29 trillion […]https://www.defencetalk.com/india-increases-defence-spending-invites-foreign-investment-60106/
India announced Thursday it would lift the cap on foreign direct investment in the defence sector to 49 percent and announced a 12-percent rise in military spending as part of efforts to modernize its armed forces. In his first budget, Finance Minister Arun Jaitley raised defense spending for the current financial year to 2.29 trillion […]https://www.defencetalk.com/india-increases-defence-spending-invites-foreign-investment-60106/