India Is Home To The World's Second Biggest Telecom Sector

 However, the government had announced some significant initiatives like the much-awaited policy on mergers and acquisitions and permitted 100 percent foreign investment in the sector, which will drive Indian telecom to its success in the years to come.

According to Mahesh Uppal, the current controversies of 2G and 3G Telecom services cannot be solved by altering the policies as it has nothing to do with policy but process. On the other hand industry stakeholders had appositive attitude on new merger and acquisition policy.

“The mergers and acquisition policy will have a major impact. Once the market stabilises, it will play its role. With clarity, we can expect some more foreign players to come in”, said Rishi Tejpal, principal research analyst with Gartner. As per IANS, there is not much impact on Telecom sector by allowing 100 percent foreign equity. Investment is vital rather than foreign equity and very few players are keen except Vodafone which wants to raise its stake beyond 64.8 percent

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