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of <h1>India Raises Telecom FDI Cap to 74%, Tightens Security Norms and Requires Key Roles for Indian Citizens.</h1> The Government of India has revised guidelines to increase the Foreign Direct Investment (FDI) limit in the telecom sector from 49% to 74%. This applies to various telecom services, including cellular and long-distance services, with both direct and indirect foreign investments considered. FDI up to 49% is automatic, while investments affecting the 74% ceiling require Foreign Investment Promotion Board approval, ensuring no involvement from countries of concern. Security conditions mandate key positions be held by Indian citizens, restrict data transfer outside India, and require telecom providers to comply with lawful interception and monitoring requirements. Existing telecom companies must comply with these conditions within three months.
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