Antony opposes proposal for hiking FDI in defence to 49%

NSTV
NSTV
  • 11 years ago
Defence Minister AK Antony has shot down Commerce Ministry's proposal to raise FDI in defence from 26% to 49%, saying it will be a "retrograde" step and "stymie" the growth of the domestic industry while increasing dependence on foreign manufacturers.
12:34
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