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 What proportionate of foreign investment is allowed in telecom sector?
  • a)
    74%
  • b)
    51%
  • c)
    49%
  • d)
    100%
Correct answer is 'A'. Can you explain this answer?
Most Upvoted Answer
What proportionate of foreign investment is allowed in telecom sector?...
Though foreign telecom players have been present in India for almost more than a decade with tremendous growth, the sector is yet to witness the expected vibrancy and infusion of innovative technologies. FDI in the telecom sector was initially allowed at 74%. It was subject to the condition that Companies bringing in FDI shall obtain necessary license from the Telecom Regulatory Authority of India (TRAI) for undertaking telecom activities. By recent decision government of India did hike FDI ceiling from 74% to 100% through the Foreign Investment Promotion Board (FIPB) and Government’s consolidated FDI Policy.
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What proportionate of foreign investment is allowed in telecom sector?a)74%b)51%c)49%d)100%Correct answer is 'A'. Can you explain this answer?
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