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Some protectionism needed to help domestic companies: SBI chief

State Bank chairman Arundhati Bhattacharya on Saturday said some level of protectionism is needed to safeguard national interest and also encourage entrepreneurs to build companies of global scale. "I think in matters of real national importance if it is important for the government to ring-fence certain things, the government should do it, because at certain phases some amount of protectionism is necessary," the SBI chief told the Wharton India Economic Forum here this evening.

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