SOURCE: LIVE MINT India is evaluating an innovative model to allow foreign arms manufacturers to meet complex local sourcing obligations when striking a major deal with the world’s sixth biggest military spender. The defence ministry’s idea is to float a venture capital (VC) fund that will infuse foreign funds into small defence firms in India.Offsets […]
The post Govt considering venture capital fund to invest in small defence firms appeared first on Indian Defence Research Wing.
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