Antony ticks off Anand for FDI push

July 04, 2013 11:30

Defence minister A.K. Antony has ticked off cabinet colleague and commerce minister Anand Sharma and called a "retrograde step' his proposal to hike the foreign direct investment (FDI) cap in the defence industry from 26 per cent to 49 per cent.

The defence minister was angry that the proposal was being repeatedly sent to him despite a clear enunciation of policy by the defence establishment. Officials in the ministry also insinuated that there was a concerted move in the government -- and in the cabinet -- to lobby on behalf of global defence majors.

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