India’s 49 per cent FDI limit on defence tech-transfer is a hard bargain: US

18-Sep-2015 #India-US,#Technology & Innovation Source: Economic Times
India has a policy of tech-transfer up to 49 per cent which is not enough for US. Joint working groups were created this year by both countries to discuss jet engines. Tech-transfer such as Intellectual Property Rights (IPR) relating to Jet Engine technology were to be discussed. But Keith Webster, Director and International Cooperation Office of Undersecretary of Defence for Acquisition, Technology and Logistics feels that this limit will become a hindrance in the transfer.
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