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Govt may take a call on aviation FDI cap

Govt may take a call on aviation FDI cap

The Union government's decision to let the Cabinet Committee on Security (CCS) clear FDI proposals beyond 26 per cent in the defence sector technically leaves it open for CCS to even allow 100 per cent foreign investment in what the Defence Ministry will define as 'state-of-the-art' segments with safeguards built in to ensure that the technology and equipment are not shared with other countries.