FDI in defence sector: 34 proposals involving foreign investment approved so far
According to the Ministry of Defence press release, FDI amounting to $1.31 million has been received in the defence sector during the last three years.

"In pursuance to the Inter-governmental agreement between India and Russia signed in February 1998, a Joint Venture company BrahMos Aerospace, between the Defence Research & Development Organization (DRDO) of India and NPO Mashinostroyenia of Russia has been formed for design, development, production of a Supersonic Cruise Missile," he said.
According to the Ministry of Defence press release, FDI amounting to $1.31 million has been received in the defence sector during the last three years and the current year.
We take a look at the details of the 34 approved proposals along with the items:
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