The India’s Foreign Investment Promotion Board (FIPB) has approved three defence related FDI’s. The companies which have got the nod from the government are: Bharti Shipyard, Solar Industries and Kineco Kaman Composites India. This is the first set of FDI approvals after the government has increased the FDI limit to 49%.

http://www.thehindubusinessline.com/news/fipb-clears-3-defence-ministry-proposals/article6415555.ece