In order to attract more foreign defence OEMs to manufacture in India under its “Make in India” campaign, Government of India has raised the FDI limit to 49% from earlier 26%. The initiative covers manufacturing of all kinds of defence items / equipment. FDI proposals received from Foreign Investment Promotion Board (FIPB) since June 2014 are: M/s. Solar Industries India Ltd., Nagpur with FII & NRI Investment, M/s. Hats Off Helicopters Training (P) Ltd. - Bangalore with M/s. CAE Inc. - Canada, M/s. Ideaforge Technology (P) Ltd. with NRI Investment, M/s. Punj Lloyd Ltd. (PLL) with FII & NRI Investment, Aequs (P) Ltd. with Aequs Manufacturing Investment (P) Ltd. – Mauritius, Fokker Elmo Sasmos Interconnection Systems Ltd. with Fokker Elmo BV Netherlands.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=113396
