Karnataka - Bangalore   

FDI in Defence production opposed

Staff Reporter

BANGALORE: The Joint Action Front of different trade unions has criticised the Central Government’s move to allow 50 per cent foreign direct investment (FDI) in Defence production and atomic energy on the basis of Vijay Kelkar Committee report. The move, the front said, was not only detrimental to the Defence public sector undertakings, but also posed serious security threat to the nation.

Speaking to presspersons here on Friday, the front members said that the report had shocked employees and trade unions alike. The PSUs were unable to fully utilise their installed capacity because of lack of timely orders by the armed forces.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Bhagyalakshmi scheme ready for rollout
Army may outsource selection tests
Cabinet gives approval for multipurpose SEZ
First day, first show…
Stopping those ‘invisible’ germs at the border
Cellphones and investigation Law & order
Residents fear they may be thrown out
BESCOM’s revenue deficit increases five-fold
Panel on internal quota for OBCs to be formed
City girl sells her art work for 1,37,500 Euros
High Court accepts school’s affidavit
MSIL seeks land at new airport
Metro: Madhu opposes resolution
‘Government neglecting most backward taluks’
ESCOMs publish tariff petition details
Japan to open consulate in Bangalore
Rudralife is back in the city
‘India can lead in innovation’
FDI in Defence production opposed
Farmers to stage protests on June 25
Correspondence course examinations
Training on silk testing

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu