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Wipro set to enter defence sector

New Delhi, August 17
The government is understood to have approved a proposal from Bangalore-based Wipro Ltd to enter the defence sector. The Foreign Investment Promotion Board (FIPB) had given its nod to Wipro for designing, developing and manufacturing defence-related software and had further referred the matter for the Finance Ministerís approval.

The case assumes importance as even the FIPB was not clear whether approval from them is required for companies engaged in software activities to enter the defence sector. ó PTI

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