New Delhi: Reacting to reforms brought in by the central government in Foreign Direct Investment (FDI) policy in defence sector, MP AK Antony today said that the move poses a big threat to national security and India’s independent Foreign policy.
Targeting Prime Minister Narendra Modi and his ruling government, Antony in his statement said allowing 100 % FDI in defence sector is not a good sign for India.
Here is the full statement by AK Antony:
It’s immediately after PM Narendra Modi's US visit, central government brought sweeping changes in the FDI policy. The move poses a big threat to national security and India’s independent Foreign policy. Allowing 100 % FDI in defence sector means India's defense sector is thrown mostly into the hands of Nato-American defense manufacturers.
Naturally it will affect the India’s independent foreign policy too. It will also threaten the national security. Moreover, it will have an adverse impact on the ongoing indigenous defense research activities in the country. It is very important to note that all such changes happen immediately after PM Narendra Modi's recent American visit.
The joint statement issued by Modi and Obama resembles like India has become a security partner of America. The statement says that both India and America will work together as equal partner towards for peace and security of Asia-pacific region. The announcement in the joint statement about the cooperation between India and America to ensure the security of Gulf and West Asia will also create very serious problems. After issuing the joint statement, the cooperation between India and US in defense sector is changed from a friendly nature to a Partnership.
It will naturally affect India’s relations with its natural friendly countries.
I strongly condemn this move. It is against the interest of the country and its people. I also urge Modi government to withdraw the decisions affecting national interest.
