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ARTICLE · 24 JULY 2013

TMT Flash - July 2013

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It was recently announced that FDI limit in the telecom sector has been increased to 100%.

IndiaLitigation, Mediation & Arbitration
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1. 100% FDI allowed in telecom sector

In a meeting of the Department of Policy and Promotion chaired by Prime Minister on July 16, 2013, it was announced that FDI limit in the telecom sector has been increased to 100%. The earlier limit was 74%. As per latest announcements, investment up to 49% is allowed to come in through the automatic route and investment above 49% is required to be brought in through the government route i.e. approval of the Foreign Investment Promotion Board.

PSA view - The announcement is seen as a welcome change. However, the policy and implementation of these announcement is what is most awaited. The increased limits are set to bring in billions of investments in this sector. Fresh foreign investments would help catalyze growth and the process of proliferation in the telecom sector across the country.

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