Which of the following statements is/are correct about the current Foreign Direct Investment policy of Government of India on Defence Sector? 1. FDI is allowed under automatic route up to 49% and beyond 49% through Government route wherever it is likely to result in access to modern technology or for other reasons to be recorded. 2. The FDI Policy provides that 30% of value of Products and equipments has to be procured from India if the Defence entity has FDI more than 51%. Select the correct answer using the codes given below: - Study24x7
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Which of the following statements is/are correct about the current Foreign Direct Investment policy of Government of India on Defence Sector? 1. FDI is allowed under automatic route up to 49% and beyond 49% through Government route wherever it is likely to result in access to m...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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