After registering a huge decline in the recent past, foreign direct investment in the telecom sector grew manifold to $2.33 billion in the first four months of 2014-15, from total $1.3 billion in the entire 2013-14 fiscal. Payment of spectrum auction and investments in network rollout are some of the factors that have helped attract more FDI in the sector. During the period, India received maximum FDI from Mauritius ($3.38 billion), Singapore ($1.66 billion), the UK ($824 million) and Japan ($834 million).
FDI in telecom sector jumps manifold to $2.33 BN in April-July
Date posted: Monday 6 October 2014
Tags: Indian Telecom Sector