Explanation:

• FDI Policy has been revised and under the revised policy. Foreign Investment is allowed under automatic route upto 49% and above 49% through government route, wherever it is likely to result in access to modern technology or for other reasons to be recorded. 
• A new category of procurement ‘Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)}’ has been introduced in Defence Procurement Procedure-2016 and the same has been accorded top most priority for procurement of capital equipment. 
• Preference has been accorded to ‘Buy (Indian)’ and ‘Buy and Make (Indian)’ categories of capital acquisition over ‘Buy (Global)’ & ‘Buy & Make (Global)’ categories.