Amended FDI policy will enhance Ease of Doing Business: Piyush Goyal hails PM Modi's decision
Union Minister Piyush Goyal on Friday applauded Prime Minister Narendra Modi's decision to amend FDI Policy in Defence Sector. Goyal took to Twitter and said that this move will allow upto FDI up to 74% via automatic route & beyond 74% to be permitted through the Government route.
"Welcome PM's decision to amend FDI policy in Defence Sector. Now, FDI allowed upto 74% via automatic route & beyond 74% to be permitted through Govt route. It'll enhance Ease of Doing Business & contribute to growth of investment, income & employment," Piyush Goyal Tweeted.
"Foreign investments in defence sector will be subject to scrutiny on grounds of National Security. Amendments will enhance self-reliance in defence production, while keeping national interests & security paramount," he added.
More to follow.
