No 100% FDI in Defense Sector
The Defense Minister ruled out the possibility of complete privatisation in defense sector.While addressing the media at DEFEXPO in Goa he said that there are certain anti-tanks systems that we use once in a year. So, if there manufacturing order is given to private companies they will shut down the unit when there is no need.
He said that there ia a substantial need of private defence players in the industry but complete privatisation in not a viable option. The changes announced in the defense procurement policy has dragged the attention of major private players from across the globe to come and "make in India".