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India’s Defence industry received 2.18 million dollars in 2018-19, says Government

India’s Defence industry received 2.18 million dollars in 2018-19, says Government

The defence industry on India received foreign direct investment (FDI) amounting to the meagre sum of 2.18 million dollars during 2018-19, the Parliament was informed. As per the data given by Commerce and Industry Ministry, Piyush Goyal in a written reply in Lok Sabha, the sector attracted foreign investments worth USD 0.08 million, USD 0.10 million and USD 0.01 million in 2014-15, 2015-16, and 2017-18 respectively. In the duration of 2016-17, the defence sector had failed to attract foreign direct…

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