FDI Ceiling increased from 49% to 74% in the telecom sector
Cabinet approved a proposal to enhance composite foreign holding in Telecom sector to 74%. With this decision, the current FDI ceiling in the Telecom Sector in certain services (such as Basic, Cellular, Unified Access Services, National/International Long Distance, V-Sat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services (GMPCS) and other value added services), has been increased from 49 per cent to 74 per cent.