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Lift ban on DRDO, ISRO, India tells US-Politics/Nation-News-The Economic Times
NEW DELHI: India has asked the US to remove vital defence research organisations ISRO and DRDO from the entities list. ISRO and DRDO were put on American technology export control blacklist after the 1998 Pokhran nuclear blast.
Now that the Indo-US relationship has gained a new momentum with the Strategic Dialogue, it makes no sense to keep vital research organisations like Indian Space and Research Organisation (ISRO) and Defense Research and Development Organisation (DRDO) in the entities list, commerce and industry minister Anand Sharma, who is on a visit to the US, said.
The minister also asked US companies to invest in defence sector in the country and assured major liberalisation in the FDI policy. In his interaction with US officials, the minister said it was high time that the US removed restrictions placed on DRDO and ISRO as they are very actively involved in partnership or in co-ordination with the US agencies. The minister also said India cannot be bracketed with other countries as its record in missile and nuclear non-proliferation was exemplary.
On the investments in defence sector , the minister said technology inflow would not be restricted to defence field only but also have multiple industrial application. We are open to foreign investments in defence. India is willing to change. We have friendly investment regime and there is very little negative list, he said.
On the demand to raise the FDI cap in defence sector to 49%, the minister said a debate was on the country which could lead to a change in the policy.
NEW DELHI: India has asked the US to remove vital defence research organisations ISRO and DRDO from the entities list. ISRO and DRDO were put on American technology export control blacklist after the 1998 Pokhran nuclear blast.
Now that the Indo-US relationship has gained a new momentum with the Strategic Dialogue, it makes no sense to keep vital research organisations like Indian Space and Research Organisation (ISRO) and Defense Research and Development Organisation (DRDO) in the entities list, commerce and industry minister Anand Sharma, who is on a visit to the US, said.
The minister also asked US companies to invest in defence sector in the country and assured major liberalisation in the FDI policy. In his interaction with US officials, the minister said it was high time that the US removed restrictions placed on DRDO and ISRO as they are very actively involved in partnership or in co-ordination with the US agencies. The minister also said India cannot be bracketed with other countries as its record in missile and nuclear non-proliferation was exemplary.
On the investments in defence sector , the minister said technology inflow would not be restricted to defence field only but also have multiple industrial application. We are open to foreign investments in defence. India is willing to change. We have friendly investment regime and there is very little negative list, he said.
On the demand to raise the FDI cap in defence sector to 49%, the minister said a debate was on the country which could lead to a change in the policy.
