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WB CM Wants Selective US Investments in  WB, India


West Bengal Chief Minister Buddhadeb Bhattacharjee on Sunday said that India should not become America's "younger brother" and warned the Central government against holding joint military exercises with the country.

He also asked the Central government not to allow investment by US in the key sectors.

He made the comments at the 50th anniversary of the Leftist Co-ordination Committee of central government employees.

Regarding investment by US companies, Bhattacharjee said American investors were trying to open up the Indian insurance, banking and pension sectors. "But foreign investment should never be allowed in these sectors."

"We want US funds to come to our country, but on equal terms. We want it where it is necessary for us and not where they want," Bhattacharjee said.

Gautam Gupta has the details.

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