Telecom Commission nod to 100% FDI in Telecom: Telecom Commission (TC) approved the proposal to raise the cap on foreign direct investment (FDI) in the telecom sector to 100 per cent from the present 74 per cent. While TC has given its green signal to 100 per cent FDI in the sector, up to 49 per cent can come via the automatic route. For investments beyond that level, permission will have to be sought from the Foreign Investment Promotion Board (FIPB).
Posted on: Wed, 03 Jul 2013 07:34:55 +0000
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