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Wednesday, 3 July 2013

Telecom Commission approved hike in FDI cap from 74 to 100 percent in Telecom Sector

The Telecom Commission of India on 2 July 2013 approved the enhancement of the Foreign Direct Investment (FDI) limit in the telecom sector from 74 percent to 100 percent. The decision was taken to re-energize the telecom industry.

At present, FDI limit in Telecom sector is at 74 per cent where 49 per cent is through automatic route and the rest with the approval of the Foreign Investment Promotion Board.

Now the detailed note would be sent to the Department of Industrial Policy and Promotion by the Department of Telecom, which will further take it forward for inter-ministerial consultations before moving it to the Cabinet.

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