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Friday, 24 July 2015

Defence watch: MoD's answers to questions in parliament on July 24th

Measures to promote indigisation of defence equipment, the Government has: (a) Accorded preference to acquisition under “Buy (Indian)”, “Buy and Make (Indian)” and “Make” categories, over “Buy (Global)” and “Buy and Make (Global)” categories; (b) Raised FDI limit in defence to 49 per cent through FIPB route, and beyond 49 with the approval of Cabinet Committee on Security, where it

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