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of <h1>India Raises Telecom FDI Limit to 74%; Compliance Deadline Extended to April 2007 for Service Providers.</h1> The Government of India has amended Press Note 5 (2005 Series) to increase the Foreign Direct Investment (FDI) ceiling in the telecom sector from 49% to 74%. Initially, companies were given four months to comply with the new conditions, with extensions granted until 2nd January 2007. This period has now been further extended by three months, allowing telecom service providers until 2nd April 2007 to meet the specified conditions. The amendment aims to facilitate greater foreign investment in the telecom industry, and the changes have been communicated for broad dissemination.
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