The Arvind Mayaram committee suggested that in sectors like power exchanges, petroleum & natural gas refining, there is a need for mandatory Indian ownership. These sectors are part of the nine sectors that the panel recommended for classifying as those where 'Indian ownership' and 'control' will be mandatory. It may be recalled that the central government set up the Arvind Mayaram committee to suggest measures for liberalising the country's foreign direct investment (FDI
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