Divided CII opts for defence FDI cap of 49 per cent

By Ajai Shukla Business Standard, 25th June 14 The Confederation of Indian Industry (CII) has overruled some of its own defence committee members in recommending that foreign direct investment (FDI) in defence should be capped at 49 per cent. At a stormy meeting in New Delhi on Tuesday, a near-plenary session of CII’s defence committee, chaired by Bharat Forge chief, Baba Kalyani,



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