Press Information Bureau
Government of India
Ministry of Defence
16-December-2014 13:16 IST
Make in India Policy for Defence Sector

“Make in India” policy also covers manufacturing in defence sector

“Make in India” policy also covers manufacturing in defence sector.  The initiative covers manufacturing of all kinds of defence items / equipment. FDI proposals received from Foreign Investment Promotion Board (FIPB) since June 2014 are mentioned below:

Name of the Indian Company

Name of the JV Company

Proposed Foreign Investment


M/s. Solar Industries India Ltd., Nagpur

FII & NRI Investment



M/s. Hats Off Helicopters Training (P) Ltd., Bangalore

M/s. CAE Inc., Canada

Post Facto Approval for the issue of 5,84,205 equity shares of Rs.10/- each to CAE Inc., Canada.

M/s. Ideaforge Technology (P) Ltd.

NRI Investment


M/s. Punj Lloyd Ltd. (PLL)

FII & NRI Investment

Foreign Shareholder & NRI IPO Allottees Repatriable Investment 22.79% + NRI 2.52% + FII-7.68%.

Aequs (P) Ltd.

Aequs Manufacturing Investment (P) Ltd., Mauritius

FDI 49% from existing 17.29%.

Fokker Elmo Sasmos Interconnection Systems Ltd.

Fokker Elmo BV Netherlands

FDI 49%.


This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shri Shantaram Naik in Rajya Sabha today.