Finance

PM Modi shown black flags in Chennai

PM Modi shown black flags in Chennai

Stating that the goal is not merely to tinker, but to transform, the Prime Minister stressed the need to move fast as defence preparedness was hampered by policy paralysis."You would have seen how the issue of providing bullet-proof jackets to Indian Army soldiers was kept hanging for years". Admitting to challenges for defence sector, Modi said his government has increased FDI in the sector to 49 per cent to promote "Make in India" for defence.

"The defence corridors will become engines of economic development and growth of defence industrial base", he said.

"In all these areas, our regulations, processes and procedures have been made more industry-friendly, more transparent, more predictable, more outcome-oriented", he added. Addressing delegates from over 40 nations, the PM said India is committed to equip its armed forces with modern technologies.

The prime minister also said that while in May 2014, the total number of defence export permission granted stood at 118, for a total value of US$ 577 million, in less than four years, 794 more export permissions were issued, for a total value of over US$ 1.3 billion.

PM Modi also spoke about how his government had taken measures to protect Dalits.




"Cauvery water is the lifeline for the people of Tamil Nadu". I am very happy to be here in the land of the great Cholas who established India's historical civilization links through trade and education. The BJP took digs at Congress President Rahul Gandhi as they called the entire protest a "farce".

Chennai: Prime Minister Narendra Modi's Tamil Nadu visit on Thursday would be without any public road drive as some opposition parties and Tamil outfits plan to show black flags to protest against the centre for not constituting the Cauvery Management Board despite the Supreme Court order.

Modi was received at the Chennai airport by governor Banwarilal Purohit, defence minister Nirmala Seetharaman, chief minister Edapaddi Palaniwami, deputy chief minister O Panneerselvam and senior officials. PM Modi's drive here would only be inside the premises.

Ahead of Modi's arrival at the airport here around 9 AM, protestors began congregating at several locations in groups in its vicinity.

The police detained around 200 protesters.