NEW DELHI: World's second largest telecom firm Vodafone, which is facing taxation issues in India, today said it is difficult for foreign companies to do business in the country because of slower government clearances.
Vodafone India head Marten Pieters said the company had sought government's approval in December last year to bring in funds from the parent company to buy airwaves but the clearance is still awaited.
"Yes, it is difficult to do business in India, that's the general perception I think of foreign companies and that is not just in telecom," he said speaking at Economist India Summit here.
The British telecom major is facing a tax liability of over Rs 11,200 crore, along with interest, on its 2007 acquisition of Honk Kong-based Hutchison Whampoa's stake in India's telecom major, Hutchison Essar.
Difficult to do business in India, says Vodafone - The Economic Times on Mobile
Vodafone India head Marten Pieters said the company had sought government's approval in December last year to bring in funds from the parent company to buy airwaves but the clearance is still awaited.
"Yes, it is difficult to do business in India, that's the general perception I think of foreign companies and that is not just in telecom," he said speaking at Economist India Summit here.
The British telecom major is facing a tax liability of over Rs 11,200 crore, along with interest, on its 2007 acquisition of Honk Kong-based Hutchison Whampoa's stake in India's telecom major, Hutchison Essar.
Difficult to do business in India, says Vodafone - The Economic Times on Mobile