Since the notification, the total FDI inflow reported till May 2022 is valued at a modest Rs 494 crore. In the defence sector, foreign direct investment (FDI) under the automatic route has been allowed up to 74 percent and up to 100 percent through the government route, wherever it may result in access to modern technology. More than 200 companies have been licensed to produce military equipment and participate in government tenders, preferably on their own, but also in collaboration with foreign companies, if needed. Army invites industry to offer critical defence equipment for emergency procurementīut clothing is just one item in a long list of defence products manufactured indigenously, and with time, finding buyers outside the country.
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