On the first day of the Monsoon Session of the Parliament, Minister of State for Defence, Dr. Subhash Bhamre told the lower house that 41 FDI proposals/ joint ventures have been approved for manufacturing defence equipment both in public and private sectors while the total FDI received in the Defence Industry Sector from April 2000 to March 2018 has been USD 5.13 million or about Rs 35 crores.

He also revealed that the Department of Industrial Policy & Promotion (DIPP) has issued 379 licenses to 230 Indian companies for defence manufacturing out of which 70 license companies covering 114 licenses have reported commencement of production.

The government has also partially withdrawn public investments in respect of Defence Public Sector Undertakings (DPSUs), Bharat Electronics Limited (BEL), BEML Limited, Bharat Dynamics Limited (BDL), Mishra Dhatu Nigam Limited (MIDHANI) and Hindustan Aeronautics Limited (HAL). The government shareholding now in above DPSUs is 66.09%, 54.03%, 87.75%, 74% and 89.97% respectively.