Business Daily from THE HINDU group of publications
Friday, Oct 27, 2006
ePaper
Business Daily from THE HINDU group of publications Friday, Oct 27, 2006 ePaper |
|
|
|
|
|
|
|
Info-Tech
-
Foreign Direct Investment Government - Security Telecom FDI: `National security will not be compromised' Our Bureau
MR A. K. SINHA (left), CMD, BSNL, and Mr R.S.P. Sinha (extreme right), CMD, MTNL, presenting dividend cheques to the Minister for IT and Communications, Mr Dayanidhi Maran, in the Capital on Thursday. — Ramesh Sharma
New Delhi , Oct. 26 The Government on Thursday said the national security will not be compromised while enhancing FDI in the sector from 49 per cent to 74 per cent. The Union Communications and IT Minister, Mr Dayanidhi Maran, said, "National security is supreme. There cannot be any compromise on that. However, we should not over-react in the name of national security. We should follow what is happening in the world." Mr Maran was speaking on the sidelines of a function where the State-owned BSNL presented a dividend cheque of Rs 800 crore. Mr Maran's statement assumes significance in the light of the National Security Council note that classified telecom as one of the sensitive sectors, where FDI from certain countries can be used to subvert national security. It had also criticised the presence of Egypt's Orascom in Hutchison-Essar. The Government was addressing the various fears and concerns expressed pertaining to the FDI in telecom sector. The Minister said his Ministry would try to resolve issues in implementation of guidelines that permit up to 74 per cent FDI in telecom sector, within the timeframe set by the Cabinet. The Cabinet, had last month, set December 31 as the deadline for resolution of inter-ministerial differences and addressing concerns particularly security aspect.
More Stories on : Foreign Direct Investment | Security | Telecommunications
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|