Despite the major changes in the FDI policy in November last year to increase the limit to 49% from 24% it has failed to attract FDI in the sector. During the period between October 2014 - September 2015, India has attracted just Rs. 56 lakhs FDI equity inflow into the Defence sector. However, before August 2014, only 33 FDI proposals had been approved by the government since 2001, which total to an amount of Rs 24.36 crore.