Govt. allows 100% FDI in Telecom Sector under automatic route

The Government vide Press note No. 4 (2021 Series) has reviewed the extant FDI policy on Telecom Sector and has increased the FDI limit from 49% to 100% under automatic route. The FDI in Telecom sector however, shall be subject to restrictions envisaged in Para 3.1.1 of the FDI policy (as amended vide. Press Note No. 3 dated 17-04-2020) which requires prior Government approval. Accordingly, any entity of border sharing countries can invest in Telecom Sector only under Government route.The Government vide Press note No. 4 (2021 Series) has reviewed the extant FDI policy on Telecom Sector and has increased the FDI limit from 49% to 100% under automatic route. The FDI in Telecom sector however, shall be subject to restrictions envisaged in Para 3.1.1 of the FDI policy (as amended vide. Press Note No. 3 dated 17-04-2020) which requires prior Government approval. Accordingly, any entity of border sharing countries can invest in Telecom Sector only under Government route.taxmann.com NewsRead More

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