The first batch of FDI reforms were announced in November 2015 by the government. The major announcement made refers to civil aviation under which 100 per cent FDI has now been permitted in airlines, apart from foreign carriers. Overseas investments norms have also been loosened up in brownfield airports. 

Foreign investment adequate to 49 percent is permitted under automatic route in domestic airlines, under the present policy.  Decisions are being made to raise this limit to 100 percent, with FDI up to 49 percent under automatic route, and outside that limit through Government approval. In the defence sphere, the policy has been set up to allow for 100 per cent FDI by extinguishing the terms of access to "state of the art" technology. It has now been altered to "modern or for other reasons", a step that will broaden the spectrum of investment by foreign players. 

The new norms have also been made valid to manufacturing of small arms and ammunitions covered under Arms Act 1959. FDI of about 49 percent was allowed under automatic route and ahead of that under the approval route under the current policy.

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