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Narendra Modi for more FDI in defence production
In a fresh articulation of his ideas on the economy and development, Gujarat Chief Minister Narendra Modi Monday said India should become a hub for defence manufacturing, states get the exclusive right to decide on labour laws and the public sector be aggressively privatised.
Speaking at two events in the capital, the BJP leader touted as the opposition party's top contender for the post of prime minister in 2014, also vigorously supported an open architecture of Centre-state relations to provide room for faster development saying it would improve governance.
Meeting the education gap and health needs of India's young population, Modi said, was a bipartisan need. "Political parties need to rise above rhetoric to provide for these concerns on priority", he said.
Modi spoke at the annual session of the FICCI Ladies Organisation and at an event organised by media group Network 18.
While he said his party has decided to oppose foreign direct investment in multi-brand retail, Modi accepted there was a need for larger investment from abroad in defence production.
Without specifying if he supported an increase in the investment cap from the current 26 per cent, Modi said India could easily emerge as a leading global arms manufacturer. "Foreign investors would be keen to use the trained and abundant Indian labour" in this sector, he pointed out.
Modi's economic agenda was spelt out just days after Congress vice-president Rahul Gandhi addressed the annual meeting of the CII.
While Rahul had focused on support from business leaders for an "inclusive agenda" that was clearly pitched against Modi, the Gujarat chief minister said the development of states cannot be pursued on the basis of their "gotra", a loose reference to political affiliations.
Narendra Modi for more FDI in defence production - Indian Express
In a fresh articulation of his ideas on the economy and development, Gujarat Chief Minister Narendra Modi Monday said India should become a hub for defence manufacturing, states get the exclusive right to decide on labour laws and the public sector be aggressively privatised.
Speaking at two events in the capital, the BJP leader touted as the opposition party's top contender for the post of prime minister in 2014, also vigorously supported an open architecture of Centre-state relations to provide room for faster development saying it would improve governance.
Meeting the education gap and health needs of India's young population, Modi said, was a bipartisan need. "Political parties need to rise above rhetoric to provide for these concerns on priority", he said.
Modi spoke at the annual session of the FICCI Ladies Organisation and at an event organised by media group Network 18.
While he said his party has decided to oppose foreign direct investment in multi-brand retail, Modi accepted there was a need for larger investment from abroad in defence production.
Without specifying if he supported an increase in the investment cap from the current 26 per cent, Modi said India could easily emerge as a leading global arms manufacturer. "Foreign investors would be keen to use the trained and abundant Indian labour" in this sector, he pointed out.
Modi's economic agenda was spelt out just days after Congress vice-president Rahul Gandhi addressed the annual meeting of the CII.
While Rahul had focused on support from business leaders for an "inclusive agenda" that was clearly pitched against Modi, the Gujarat chief minister said the development of states cannot be pursued on the basis of their "gotra", a loose reference to political affiliations.
Narendra Modi for more FDI in defence production - Indian Express
