Home ministry red flags hiking FDI cap in defence, space, I&B

July 07, 2013 18:11

The home ministry has raised serious concerns over hiking FDI cap in defence, space, telecom and a few other areas, contending that flow of funds from countries like China in these sectors may compromise the country's security.

This was conveyed by the home ministry to the Department of Industrial Policy and Promotion. The ministry is all set to dash off another letter conveying its strong opposition to any such move which may jeopardise the country's security.

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