UK welcomes enhanced FDI limit in defence: Michael Fallon

Michael Fallon Defence Secretary, UK said companies in the United Kingdom will vigorously explore Indian defence procurement contracts.

Michael Fallon Defence Secretary, UK said they welcomed the enhanced foreign direct investment (FDI) limit in defence to 49 percent.

In an interview to CNBC-TV18's Rituparna Bhuyan he said companies in the United Kingdom will vigorously explore Indian defence procurement contracts.

It is an exciting time to be in India, he added.

Below is the transcript of his interview on CNBC-TV18

Fallon: We are looking very vigorously at this opportunity. It is a hugely exciting time in India. A reforming government with a big agenda taking rapid decisions and we are certainly going to respond to that and put forward the case for our own technologies, and the various contracts and platforms and equipment that we have to offer.

Q: 49 percent that is the amount of FDI that is allowed in India. Do you know of any UK based companies who would like to explore joint venture opportunities in the defence sector in India?

Fallon: We welcome the increase in that percentage. It is relatively recent but I know British companies are now looking at that and seeing whether they can respond directly and create the kind of joint ventures that India is looking for.

Q: Will there be technology transfers as well? Do you see a scenario where UK and Indian companies can produce advanced defence platforms right here in India?

Fallon: That is the objective of increasing the percentage and we welcome that, it has just happened and you are going to see British companies now taking advantage of it.

Anda sedang membaca artikel tentang

UK welcomes enhanced FDI limit in defence: Michael Fallon

Dengan url

https://mimumanbersoda.blogspot.com/2014/10/uk-welcomes-enhanced-fdi-limit-in.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

UK welcomes enhanced FDI limit in defence: Michael Fallon

namun jangan lupa untuk meletakkan link

UK welcomes enhanced FDI limit in defence: Michael Fallon

sebagai sumbernya