Telecom Commission backs 100% FDI

In a note of cheer for the cash-strapped sector, the Telecom Commission has recommended hiking the foreign direct investment cap from 74 per cent to 100 per cent, paving the way for increased foreign participation. Foreign companies can now own 100 per cent in a telecom entity. While 49 per cent investment can be made through the automatic route, the approval of the Foreign Investment Promotion Board is needed for higher stakes.

Read Full Story>>