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of <h1>India Raises Telecom FDI Limit from 49% to 74%; Compliance Deadline Extended to July 2006 for 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%. This amendment, issued by the Ministry of Commerce & Industry, allows existing telecom service providers an additional four months, until July 2, 2006, to comply with the new conditions outlined in the original Press Note dated November 3, 2005. This extension aims to facilitate adherence to the updated FDI guidelines for telecom companies.
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