1. Home
  2.  |  
  3. Economy Current Affairs  |  

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

Jul 3, 2013 09:50 IST

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.

Is this article important for exams ? Yes145 People Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK