Government permits 100 per cent Foreign Direct Investment ( FDI ) in telecom
The government has permitted 100 per cent Foreign Direct Investment (FDI) in the telecom sector, meeting a long-standing demand for a debt-ridden sector. The decision was taken at a meeting held by the Ministry of Commerce and Industry, Chaired by the Prime Minister. Prior to this, the country only permitted 74 per cent FDI in the sector. "The cap has been raised to 100 per cent from 74 per cent... Read More