Monday, August 25, 2014

Breaking- Good Tidings on Defense FDI

Neelam Mathews
Aug 25, 2014

Our expectations from the Modi Government are reaping rewards already.

Impatient industry people will be glad to hear that very soon services can be used for offsets. The previous government's hair-brained idea is out of the window. Hopefully this policy has come to stay and there will be some provision to ensure it is not being misused. Bringing in financial institutional funding too, could be a step in the right direction.

We are also hearing, but could not confirm the new FDI structure will clarify that the Indian stake of 51% in a joint venture can be split, giving some relief and hopefully more investment in an industry that has failed to take off. As for 100% FDI, it will be on a case-to-case basis. Which is fair enough.

Licensing is also being rationalized.
Now we just hope politics will not come in the way of nation building.

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