♤ Foreign Investment in Defence Sector up to 100%:

o Up to 49% FDI participation in the equity of a company is permitted under automatic route.

o Foreign investment beyond 49% has now been permitted through government approval route wherever it is likely to result in access to modern technology or for other reasons to be recorded.

o FDI limit for defence sector has also been made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act 1959.