Centre allows 100% FDI in telecom sector under automatic route
Shortpedia
Content Team
Image Credit: Shortpedia
Amid the crisis that the telecom sector is going with, the government of India has opened doors for 100 percent foreign direct investment under automatic route. According to the Department for Promotion of Industry and Internal Trade, foreign investment will be subject to the condition of Press Note 3 of 2020. However, an entity or country sharing a land border with India will still have to take the government route.
