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Rs 3,343 crore received as FDI in defence since 2014: Govt

In response to a question in Rajya Sabha, Defence Minister Rajnath Singh said the defence sector needs continuous investment for capacity enhancements and the creation of state-of-the-art technologies.

March 28, 2022 / 08:20 PM IST
Representative image

Representative image

The Government of India said on March 28 that a total of Rs 3,343 crore has been received as foreign direct investment (FDI) in the defence sector since 2014.

In response to a question in Rajya Sabha, Defence Minister Rajnath Singh said the defence sector needs continuous investment for capacity enhancements and the creation of state-of-the-art technologies.

"During the period from 2001-2014, a total FDI inflow of about Rs 1,382 crore was reported and from 2014 till date, a total FDI of about Rs 3,343 crore has been reported," he said. To a separate question, Minister of State for Defence Ajay Bhatt said the "term 'Matryr' is not used in Indian Armed Forces".

He was asked about the definition of 'martyr' and whether the government has stopped the use of the word for those who made supreme sacrifices in the line of duty. Asked whether the government is considering a system of conferring letters of acknowledgement from the President and the Prime Minister's Office on the families of armed forces personnel killed in action, Bhatt said no such proposal has been received for consideration.