India, as of now, has received US$ 5.02 Million (Rs 32 Crores) in Foreign Direct Investment (FDI) in the defence industry sector. Since 2001, India has allowed FDI up to 26 per cent in its defence industry, however, last year in August, India had raised the FDI cap in defence sector from 26 percent to 49 percent in August which seems to have made no impact on the defence sector bringing a miniscule 0.08 million (Rs 42 lakhs) in the past year.