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Thursday, 12 November 2015

Defence executives cautiously welcome foreign investment liberalisation in defence

By Ajai Shukla Business Standard, 13th Nov 15 On Tuesday, two days after the Bharatiya Janata Party’s (BJP’s) electoral drubbing in Bihar, and two days before Prime Minister Narendra Modi left on an official visit to the United Kingdom, the government announced foreign direct investment (FDI) reforms in 15 major sectors of the economy. In the defence sector, foreign investment had

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