FDI hike in telecom by May-end: Maran

By agencies   |   Friday, 20 May 2005, 07:00 Hrs
Printer Print Email Email
NEW DELHI: The hike in foreign direct investment (FDI) to 74 percent from 49 percent will be formally announced by this month-end, Communications and IT Minister Dayanidhi Maran said today.

There are ''very, very minor changes'' to be made before the government makes the notification, he informed recalling that FDI (in telecom) had gone through enough controversies.

Maran said that he is in constant touch with the Department of Telecom on the issue, as well as the Finance Ministry, which is currently in the process of evaluating the exercise.

The FDI in telecom has been one of the major landmarks achieved by the UPA government in the telecom sector, since it came to power a year ago. The industry is awaiting the final notification on this, he added.

Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..