FDI reforms: Trinamool Congress critical of PM Narendra Modi govt’s move

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Kolkata | June 20, 2016 11:58 PM

"In the name of 'Make in India', they (the Centre) are breaking India," the Trinamool Congress today said as it opposed the Foreign Direct Investment (FDI) reforms announced by the Narendra Modi government.

The NDA government has relaxed FDI norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route. (FE)The NDA government has relaxed FDI norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route. (FE)

“In the name of ‘Make in India’, they (the Centre) are breaking India,” the Trinamool Congress today said as it opposed the Foreign Direct Investment (FDI) reforms announced by the Narendra Modi government.

“Trinamool has consistently opposed this policy and often outlined reasons for it at different forums, including our election manifestos and Parliament,” TMC chief national spokesperson Derek O’Brien said.

“This (FDI reforms) will have a negative effect on employment, the economy and the Indian market as a whole. In the name of ‘Make in India’, they are breaking India,” he said in a statement here.

The NDA government has relaxed FDI norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route.

The other sectors in which FDI norms have been relaxed include e-commerce in food products, broadcasting carriage services, private security agencies and animal husbandry.

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