CPI(M) opposes govt’s new FDI policy
CPI(M) has opposed the government's new FDI policy. The party politbureau in a statement said it would not only strengthen the grip of foreign multinationals over Indian companies but also adversely affect agriculture as farmers would be at their mercy for supply of seeds.The party has asked the UPA government not to pursue the measures which would immensely harm the country's industrial and agricultural development.
Under the FDI Policy Circular, the government yesterday provided greater flexibility to Indian firms to raise overseas capital and scrapped norms that required a foreign company to obtain its domestic Joint Venture partner's approval for making investments in same field outside the joint venture.
Under the FDI Policy Circular, the government yesterday provided greater flexibility to Indian firms to raise overseas capital and scrapped norms that required a foreign company to obtain its domestic Joint Venture partner's approval for making investments in same field outside the joint venture.
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