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The Economic Times
The Economic Times
Rajiv Roy-Chaudhury

Trusted Interdependence: India's next step in defence self-reliance

The Modi government's defence industrial strategy has evolved through distinct phases.

From 2014, defence industrial corridors were set up, and licensing norms simplified, under 'Make in India' to build local capacities. FDI limits were raised from 26% to 49% under the automatic route to encourage global defence manufacturers to invest in India.

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