A recent report by Reuters indicated that the Government may plan to revise caps for foreign investors in the defence sector. These reforms could come into effect in the next couple of months, Reuters reported, quoting sources. According to Reuters, Government may revise its norms for foreign firms investing in the Indian defence sector. Under these revisions, the cap on foreign direct investment in defence firms, where government permission is not required, would rise to 74% from the current 49%, Reuters stated quotingsources. At present, foreign investors can own up to 74% under the automatic route only when companies are seeking new licences.