POWER SECTOR NEWS: Telecom commission approves 100% FDI in telecom service Telecom Commission, an inter-ministerial body, on Tuesday approved to hike foreign direct investment limit for telecom sector to 100 percent from 74 percent currently. Sources informed CNBC-TV18 that following the news, the Department of Telecommunication (DoT) is likely to soon move a cabinet note for 100 percent FDI in telecom services. At present, FDI limit in the sector is 74 percent and 49 percent can be invested through automatic route. But to take it upto 74 percent, Foreign Investment Permission Board (FIPB) nod is required. In case 100 percent FDI is approved, 49 percent investment would still be allowed through automatic route. moneycontrol/news/business/telecom-commission-approves-100-fditelecom-service_909891.html?utm_source=executive-briefing
Posted on: Tue, 09 Jul 2013 07:16:06 +0000
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