100% FDI gets nod from Commission

3 Jul 2013

India’s Telecom Commission, the highest decision-making body in the Ministry of Communications (MoC), has approved plans to allow 100% foreign direct investment (FDI) in the telecoms sector. The Economic Times writes that the move would allow foreign companies to own 100% of their subsidiaries in India and would remove the need for overseas investors to find a local partner to set up shop in India. The measures must still be approved by the cabinet before they can be implemented.

India, Department of Telecommunications (DoT)