CIM wants reciprocal access for Indian cos

Commerce and Industry Minister Shri Piyush Goyal said t an event organised by Exim Bank on Monday that foreign cos won’t be allowed in local contracts unless India Inc gets to compete in those nations. “Unless we get reciprocal access to those markets, the government has decided that we will stop giving them an opportunity to participate in contracts in India. That is a part of the policy of the Narendra Modi government,” Goyal said.

The minister pointed out that this was a “major stumbling block” in the RCEP negotiations.