Commerce Minister Nirmala Sitharaman told the Rajya Sabha today that Foreign Direct Investment or FDI serves to increase domestic capital and promote creation of jobs across sectors. <br/><br/>Such investments bring best international practices and latest technologies leading to economic growth and employment generation in the country. <br/><br/>Answering a supplementary she ruled out any danger to national security from FDI in defence sector. <br/><br/>All proposals are thoroughly scrutinized at various levels before approval, she said.

Commerce Minister Nirmala Sitharaman told the Rajya Sabha today that Foreign Direct Investment, FDI serves to increase domestic capital and promote creation of jobs across sectors. <br/><br/>She said, such investments bring best international practices and latest technologies leading to economic growth and employment generation in the country. Answering a supplementary she ruled out any danger to national security from FDI in defence sector. The Minister said, all proposals are thoroughly scrutinized at various levels before approval.