Defence Minister A K Antony today ruled out for now any change in the defence production policy to raise the Foreign Direct Investment (FDI) from existing 26 per cent to 100 per cent as suggested by the Commerce Ministry recently. He told this to reporters on the sidelines of the Navy Commanders Conference in New Delhi. The Defence Minister said initially, there was 100 per cent monopoly of Public Sector Undertakings (PSUs) in the defence sector, but that policy was changed over the last decade to first allow 100 per cent private participation and later permitting 26 per cent FDI in the defence industry. He said, the 26 per cent FDI policy notwithstanding, the<br/>Defence Ministry would consider allowing more than the<br/>prescribed FDI in the sector on a case-to-case basis. <br/> Commerce Ministry had recently brought out a discussion<br/>paper that called for allowing 100 per cent FDI in the defence<br/>sector, a demand forcefully made by foreign players who are<br/>eyeing the over 50 billion US Dollars Indian defence spending<br/>expected over the next five years. He said the annual review of the DPP was in progress and in the next round of DPP amendments, his Ministry would give more emphasis on Indianisation to strengthen domestic defence industrial base.<br/>