Anand Sharma for FDI cap hike in telecom, defence

In a bid to spur investments, Commerce and Industry Minister Anand Sharma today "strongly favoured" raising the FDI cap in telecom as well as defence sector and said he will meet global investors to address their concerns, particularly in multi-brand retail. Before leaving for 10-day visit from tommorow to Helsinki, St Petersburg, Belfast and London, Sharma said he will address all the concerns of foreign retail sector investors and ensure all help in setting up stores. Sharma said his ministry would move the Cabinet for …