ndia’s cabinet has approved plans to open its defense and railways industries to foreign investment as new Prime Minister Narendra Modi’s rightwing administration moves to reform and revive the ailing economy. The cabinet agreed late Wednesday to increase the limit on foreign direct investment in defense to 49 percent from 26 percent, and allow unlimited investment in railway infrastructure, officials said.
India to open defense, railways to foreign investors
Gateway House's Associate National Security Fellow Sameer Patil was quoted in an article in Newsweek Pakistan on the Indian government's decision to open the defense and railways industries to foreign investment.