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Vested interests trying to kill competition in defence: Ambani

Anil Ambani, who heads the Reliance Group, also sought more clarity in the government's plan to enter into strategic partnership saying policies have to be in line with global best practices.

March 29, 2016 / 22:22 IST
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Industrialist Anil Ambani, a new entrant in the defence sector, today said an attempt is being made to deny opportunity to new players on grounds of lack of experience, which he described as a "booby-trap" laid by vested interest to kill competition.

Anil Ambani, who heads the Reliance Group, also sought more clarity in the government's plan to enter into strategic partnership saying policies have to be in line with global best practices.

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He emphasised that an open and calibrated policy will shake the status quo, end the monopoly of existing players, and benefit the nation by encouraging the entry of new players and increased competition.

His remarks on lack of experience found resonance with Defence Minister Manohar Parrikar who said that as a young politician he also faced the same problem but he was able to overcome it.