| Publication |
2014.
|
| Summary/Abstract |
it is time makes up its mind whether it wants FDI in defence or not. If it is felt that FDI is not essential and India can archive technological excellence through indigenous efforts; it should be stated upfront and all pretenses of seeking FDI should be shed. The current apathetic and uninspiring approach is a meaningless charade. The recent increase in FDI cap to 49 percent is totally inconsequential and will not attract FDI. this fact has been amply established by joint studies carried out by the CII with KPMG and ASSOCHAM with Ernst and young. both studies indicate that foreign investors want a minimum of 51 per cent holding.
|