‘Defence sector not averse to higher FDI’

The Indian defence industry is not averse to allowing higher Foreign Direct Investment (FDI) than the 26% currently permissible, if induction of high technology is a national requirement.

This was stated by K P Singh, Secretary, Defence Production (DP), while addressing media persons on the eve of ‘Aero India 2007’, the sixth edition of the International Aerospace & Defence Exhibition at the Yelahanka air base here on Tuesday.

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