In the fourth tranche that FM outlined, the focus was on defence production, aerospace including MRO, space, atomic energy, coal and minerals.
So far only 49% of FDI was allowed through the automatic way. 100% FDI is allowed after due government approvals.
In a big push for “Make in India” FM announced raising the FDI limit in the defence sector under the automatic route from 49% to 74%.
“Make-in India and Self-reliance have become a partner”.