HomeNewsBusinessEconomyCongress to oppose FDI in defence in Parliament: Anand Sharma

Congress to oppose FDI in defence in Parliament: Anand Sharma

"The Congress government had allowed FDI in defence with a pre-condition that it would be for state-of-the-art-technology but the present government has eased the conditions. The Prime Minister is working under pressure from the United States.

June 23, 2016 / 07:18 IST
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Senior Congress leader Anand Sharma today denounced the Modi government's decision to allow100 percent FDI in defence sector by easing norms, saying the Prime Minister was working under pressure from the US and his party would oppose it in Parliament.

"The Congress government had allowed FDI in defence with a pre-condition that it would be for state-of-the-art-technology but the present government has eased the conditions. The Prime Minister is working under pressure from the United States.

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This is not in the country's interest and Congress would oppose it in Parliament," he told media persons here.

"The Reserve Bank of India would issue a notification under FEMA on easing FDI norms which would be ratified by Parliament and Congress would oppose it at that stage," he said.