Singapore: India will see more investments from American companies once it decides to raise the foreign direct investment (FDI) level in the defence sector from 26 to 49 per cent, a top Boeing executive has said.
"49 per cent will see more investment from US companies," Lt Gen Jeff Kohler, Boeing's vice president of international business development in defence, Space & Security, said at the Singapore Airshow.
Kohler made the comments on aviation industry-wide speculation about the government increasing FDI in defence sector to 49 per cent from the current 26 per cent, with some expecting an announcement in the near future.
"It has been very difficult to go to our senior corporate leadership and justify an investment in India at 26 per cent FDI," said Kholer.
Kholer said he had often discussed investment potential in the huge Indian market with his colleagues in the aviation industry. "49 per cent or 40+ per cent makes it much more attractive," he said.
14/02/14 Gurdip Singh/Business Today
To Read the News in full at Source, Click the Headline
"49 per cent will see more investment from US companies," Lt Gen Jeff Kohler, Boeing's vice president of international business development in defence, Space & Security, said at the Singapore Airshow.
Kohler made the comments on aviation industry-wide speculation about the government increasing FDI in defence sector to 49 per cent from the current 26 per cent, with some expecting an announcement in the near future.
"It has been very difficult to go to our senior corporate leadership and justify an investment in India at 26 per cent FDI," said Kholer.
Kholer said he had often discussed investment potential in the huge Indian market with his colleagues in the aviation industry. "49 per cent or 40+ per cent makes it much more attractive," he said.
14/02/14 Gurdip Singh/Business Today
