Indian Government May Allow 100% FDI In Telecom Sector In July 2013

[Xen]

The Indian government is considering to remove the FDI (Foreign Direct investment) cap on the telecom sector in order to seek more foreign investment and boost the rupee value, reportsBloomberg citing two finance ministry officials with direct knowledge of the matter.

The report states that the changes are expected to be announced in late June or early July and following this development, foreign investors will be able to own 100% stake in telecom companies, up from the existing 74% limit. Finance Ministry Spokesman D.S. Malik however declined to comment on this development to the publication.

This follows an ET report in April 2013, which had suggested that the government is considering to amend foreign investment norms by allowing 100% FDI in telecom sector.


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[Shubham]

Now we should ready for another scam in 4G/3G. 80% Telecom Market & Jobs eaten by this scam...

 

[IndianMascot]

Present government ate away the entire telecom. With partial FDI, so many companies like Uninor, Etisalat, MTS closed their business which further got highlighted as scam and many got unemployed too.

After this non cooperative approach international players are no more interested in indian market. So now government is on its toes to implement 100% FDI so that company like Telenor make a comeback.

This government will again make the mess out of remaining market.