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Defence
• Raised FDI in defence manufacturing from 26 per cent to 49 per cent. FullIndian management control retained through FIPB route
• Raised budget outlay for defence to Rs 2,29,000 crore (defence allocationin the interim budget was Rs 2,24,000 crore)
• Increased capital outlay by Rs 5000 crore over the interim budget,including Rs 1000 crore outlay for railway systems in border areas
• Allocated Rs 100 crore to set up a technology development fund tosupport research and development of defence systems by public andprivate sector companies, including SMEs
Union Budget 2014-15 Increases Foreign Direct Investment (FDI) andCapital Outlays to Modernise the Armed Forces
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