Saturday, October 22, 2005

Finally, FDI in Telecom is raised ....

India finally paved the way for more investment in the telecom sector after the union cabinet cleared the proposal to hike the foreign direct investment limit in the telecom sector to 74 percent.

The government has however attached certain riders like barring Indian telecom companies from allowing remote access for repair and maintenance and appointing expatriates at key positions.

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