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'Telecom sector received FDI worth over $9.79 billion from 2014-15' [ad_1]

NEW DELHI: The country received foreign direct investment (FDI) of over USD 9.79 billion since 2014-15 in the telecom sector, Parliament was informed today.

As per the Department of Industrial Policy and Promotion (DIPP), FDI equity inflows in telecom sector between financial years 2014-15 and 2016-17 and April-May 2017 totalled USD 9,790.40 million, Minister of State for Electronics and IT P P Chaudhary said in a written reply to the Lok Sabha.

Working groups on new telecom policy this week

"The working groups will now start...the orders will be out this week. Initially, we had thought of 11 working groups but we may compress the number of such groups," Telecom Secretary Aruna Sundararajan said.


The FDI inflow in 2014-15 was USD 2,894.94 million, USD 1,324.40 million (2015-16), USD 5,563.69 million (2016-17) and USD 7.36 million (April-May 2017), he added.

The minister said the government is taking initiatives to promote manufacturing in the telecommunication sector in the country.

"Electronics and telecommunications manufacturing is one of the 25 focus sectors of the Make-in-India programme, which seeks to transform India into a global design and manufacturing hub," he said.

FDI up to 100 per cent is allowed in manufacturing of telecom products under the automatic route, he added.


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