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Telecom commission agrees for 74 to 100% increase in FDI
Posted on: 03/Jul/2013 11:56:31 AM
The telecom sector is now allowed by the telecom commission to have 74 to 100% limit on Foreign Direct Investment (FDI). Between the years 2000 and 2012, the total cumulative FDI was nearly 57,079 crore rupees. This is almost equivalent to ten billion dollars. Though the telecom commission has agreed for the hike, this has to be approved by union cabinet and hence, the decision is to be forwarded to the union cabinet for their approval.
This is expected to take place during Finance minister – P.Chidambaram’s U.S visit.
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