Foreign Direct Investment ceiling increase: compliance period for telecom providers extended until early April under amended press note. The Government amended Press Note 5 (2005 Series) to extend the correction period for existing licence-holding telecom service providers to comply with the FDI conditions specified in that Press Note, thereby modifying the operative timeframe within which affected companies must regularise their foreign investment arrangements under the Press Note.
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Foreign Direct Investment ceiling increase: compliance period for telecom providers extended until early April under amended press note.
The Government amended Press Note 5 (2005 Series) to extend the correction period for existing licence-holding telecom service providers to comply with the FDI conditions specified in that Press Note, thereby modifying the operative timeframe within which affected companies must regularise their foreign investment arrangements under the Press Note.
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