“Make in India” policy also covers manufacturing in defence sector. The initiative covers manufacturing of all kinds of defence items / equipment. FDI proposals received from Foreign Investment Promotion Board (FIPB) since June 2014 are mentioned below:
Name of the Indian Company
|
Name of the JV Company
|
Proposed Foreign Investment
|
M/s. Solar Industries India Ltd., Nagpur
|
FII & NRI Investment
|
1.18%
|
M/s. Hats Off Helicopters Training (P) Ltd., Bangalore
|
M/s. CAE Inc., Canada
|
Post Facto Approval for the issue of 5,84,205 equity shares of Rs.10/- each to CAE Inc., Canada.
|
M/s. Ideaforge Technology (P) Ltd.
|
NRI Investment
|
17.04%
|
M/s. Punj Lloyd Ltd. (PLL)
|
FII & NRI Investment
|
Foreign Shareholder & NRI IPO Allottees Repatriable Investment 22.79% + NRI 2.52% + FII-7.68%.
|
Aequs (P) Ltd.
|
Aequs Manufacturing Investment (P) Ltd., Mauritius
|
FDI 49% from existing 17.29%.
|
Fokker Elmo Sasmos Interconnection Systems Ltd.
|
Fokker Elmo BV Netherlands
|
FDI 49%.
|
This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shri Shantaram Naik in Rajya Sabha today.
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