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FDI cap in special technology area to be raised to 100 pc: PM Modi

Prime Minister Narendra Modi today said FDI cap in special technology would be raised to 100 per cent as he pitched for greater cooperation with Brazil and South Africa in the field of defence and other areas

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Russia: Prime Minister Narendra Modi today said FDI cap in special technology would be raised to 100 per cent as he pitched for greater cooperation with Brazil and South Africa in the field of defence and other areas.

During a meeting with Brazilian President Dilma Rousseff here, Modi noted that his government had raised FDI cap to 49 per cent but in the area of special technology, it would be raised to 100 per cent, Secretary (West) in the Ministry of External Affairs Navtej Sarna said while briefing media on the discussions.

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