100% FDI in pharma, agri will kill Indian brands

​Kolkata: Lashing out against the Narendra Modi government's decision to relax FDI norm in several sectors, West Bengal Chief Minister Mamata Banerjee on Thursday said 100 per cent foreign direct investment in sectors like manufacturing, agriculture and pharmaceutical will "kill Indian brands".

Replying to the debate on Governor K.N. Tripathi's address to the state assembly, she said MPs of her Trinamool Congress would raise the matter in parliament. Asserting that her government was still opposed to FDI in such sectors, she said Indian brands have to be looked after.

"It is not that I am against jobs for people. But it's a fact that it (FDI) will kill Indian brands. 100 per cent FDI, whether it is in the pharmaceutical, agricultural or manufacturing sectors, will adversely hit Indian brands. "We need to do promote the branding of our own products," she said.

Source: IANS