The Indian government has approved Saab’s 100 percent foreign direct investment to manufacture the Carl-Gustaf recoilless rifle in India, marking the first wholly owned foreign venture in the country’s defense sector. In its statement Thursday about the approval, Saab said the shoulder weapon will be manufactured in partnership with Indian sub-suppliers and fully compliant with...
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Tag: Foreign Direct Investment
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US, Mexico Agree to Intensify Sharing of Foreign Investment Information
The United States and Mexico have agreed to increase the exchange of information on matters related to foreign investments to protect national security. On Thursday, Janet Yellen, the U.S. secretary of the treasury, signed a memorandum of intent with Rogelio Ramirez de la O, Mexico’s secretary of finance and public credit, to establish a bilateral...