FDI in defence sector _ will it work ??

To save forex government has announced the policy to allow FDI in defence sector which as been a major outflow

But we need to wait how much FDI will be coming in th sector 

The Cabinet Committee on Security will be the final decision making body for Foreign Direct Investment (FDI) proposals in Defence beyond 49 per cent.

According to the new rules on FDI in Defence notified by the Department of Industrial Policy & Promotion, based on the Cabinet decision early this month, FDI proposals beyond 49 per cent vetted by the CCS need not be cleared by the Cabinet Committee on Economic Affairs (CCEA).

So far, all FDI proposals with foreign investments over ₹1,200 crore had to be cleared by the CCEA.

The FDI limit to be cleared through the Foreign Investment Promotion Board (FIPB) route has been raised to 49 per cent from 26 per cent. The press note clarified that the cap is composite and includes different types of foreign investments such as FDI, Foreign Institutional Investors (FIIs), Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), Foreign Venture Capital Investors (FVCI) and Qualified Foreign Investors (QFIs), it said.