Our Bureau

New Delhi, Feb. 2

STRONGLY opposing the Government's decision to increase the foreign direct investment (FDI) limit in the telecom sector to 74 per cent, the four Left parties have convened a meeting here on Thursday to chalk out their course of action.

Party leaders said that their position on the FDI limit in telecom remains unchanged because it was a strategic sector with huge security implications.

"Despite our objections, the Government has gone ahead with the decision, and we feel the conditions imposed on the telecom companies do not adequately address our concerns," a senior Left party leader said.

(This article was published in the Business Line print edition dated February 3, 2005)
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