India set to ease defence FDI norms to attract global manufacturers: Report

India plans to raise the FDI cap in defence firms with existing licences under the automatic route from 49 percent to 74 percent, aiming to boost domestic manufacturing. The government may remove the "modern technology" clause for foreign investment above 74 percent and ease norms for export-oriented defence manufacturers. These reforms seek to attract more foreign investment and help India meet its targets for increased defence production and exports.