May 9, 2012 2:13 PM

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Govt rules out increase in FDI limit in defence manufacturing sector

The Government has ruled out any increase in Foreign Direct Investment, FDI limit in defence manufacturing sector. Giving this information in a written reply in the Rajya Sabha, Defence Minister A K Antony said defence industry was opened up for Indian Private Sector participation in May, 2001 with FDI upto 26 per cent subject to licensing.

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