Rapid Fire July 5, 2013: Spat Within Indian Government Over Foreign Defense Investment
- Indian Defence Minister A.K. Antony is sparring with his colleague Anand Sharma from Commerce and Industry over what should be the maximum share foreign firms can own in defense joint ventures. Antony has made his support for developing a homegrown defense industry abundantly clear since last year, while Sharma would like to see the foreign direct investment (FDI) limit raised from 26% to 49% in the defense sector (down from an earlier proposal to set that ceiling at 74%). Telegraph of Calcutta | The Pioneer.